Contents of Section

Chapter:

306 PDFTitle:REGISTERED TRUSTEES INCORPORATION ORDINANCEGazette Number:
Section:11Heading:Liability of trustees notwithstanding incorporationVersion Date:30/06/1997

After a certificate has been granted under the provisions of this Ordinance, all trustees constituting the corporation in respect of which the certificate has been granted, notwithstanding their incorporation, shall be chargeable for such property as comes or has come into their hands, and shall be answerable and accountable for their own acts, receipts, neglects, and defaults and for the due administration of the trusts and property in the same manner and to the same extent as if no such incorporation had been effected.