Trust Companies Act 2005 · 2020 Revised Edition · Part 3A · Control Over Licensed Trust Company
21A. Interpretation of this Part
Feedback & supportLast amended by an amending law of 2013.
In this Part, unless the context otherwise requires —“business” includes affairs and property;“office holder”, in relation to a licensed trust company, means any person acting as the liquidator, the provisional liquidator, the receiver or the receiver and manager of the licensed trust company, or acting in an equivalent capacity in relation to the licensed trust company;“relevant business” means any business of a licensed trust company —
property
“property” includes property, right and power of every description;
which the Authority has assumed control of under section 21C; or
in relation to which a statutory adviser or a statutory manager has been appointed under section 21C;“statutory adviser” means a statutory adviser appointed under section 21C;“statutory manager” means a statutory manager appointed under section 21C.
“business” includes affairs and property;
“office holder”, in relation to a licensed trust company, means any person acting as the liquidator, the provisional liquidator, the receiver or the receiver and manager of the licensed trust company, or acting in an equivalent capacity in relation to the licensed trust company;
licensed trust company
“licensed trust company” means a corporation holding a trust business licence;
“relevant business” means any business of a licensed trust company —
which the Authority has assumed control of under section 21C; or
in relation to which a statutory adviser or a statutory manager has been appointed under section 21C;
“statutory adviser” means a statutory adviser appointed under section 21C;
“statutory manager” means a statutory manager appointed under section 21C.