Trust Companies Act 2005 · 2020 Revised Edition · Part 3B · Voluntary Transfer of Business
21H. Interpretation of this Part
Feedback & supportLast amended by an amending law of 2019. 2 amendments in all.
In this Part, unless the context otherwise requires —“business” includes affairs, property, right, obligation and liability;“Court” means the General Division of the High Court;“debenture” has the meaning given by section 4(1) of the Companies Act 1967;“property” includes property, right and power of every description;“Registrar of Companies” means the Registrar of Companies appointed under the Companies Act 1967 and includes any Deputy or Assistant Registrar of Companies appointed under that Act;“transferee” means a licensed trust company, or a corporation which has applied or will be applying for a trust business licence, to which the whole or any part of a transferor’s business is, is to be or is proposed to be transferred under this Part;“transferor” means a licensed trust company the whole or any part of the business of which is, is to be, or is proposed to be transferred under this Part.
“business” includes affairs, property, right, obligation and liability;
“Court” means the General Division of the High Court;
“debenture” has the meaning given by section 4(1) of the Companies Act 1967;
“property” includes property, right and power of every description;
“Registrar of Companies” means the Registrar of Companies appointed under the Companies Act 1967 and includes any Deputy or Assistant Registrar of Companies appointed under that Act;
“transferee” means a licensed trust company, or a corporation which has applied or will be applying for a trust business licence, to which the whole or any part of a transferor’s business is, is to be or is proposed to be transferred under this Part;
licensed trust company
“licensed trust company” means a corporation holding a trust business licence;
“transferor” means a licensed trust company the whole or any part of the business of which is, is to be, or is proposed to be transferred under this Part.