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bruneilawsby aturio
In force2023 Revised Edition
Contents

Part · Proceedings in Inquiries Into Mental Disorder

58. Transfer of stock, security etc. of mentally disordered person

Where —

(a)

any stock, Government security, share or debenture in a public company, transferable within Brunei Darussalam or the dividends of which are payable in Brunei Darussalam are standing in the name of or are vested in —

(i)

a mentally disordered person who is beneficially entitled to the stock, security, share or debenture;

Mental Health 40

(ii)

an appointed person of the estate of the mentally disordered person; or

(iii)

a trustee for him; and

(b)

(i)

the appointed person or trustee dies intestate or himself becomes a mentally disordered person or is out of the jurisdiction of the Court;

(ii)

it is uncertain whether the appointed person or trustee is living or dead; or

(iii)

the appointed person or trustee neglects or refuses —

(A)

to transfer the stock, security, share or debenture;

(B)

to receive and pay the dividends to a new appointed person or trustee; or

(C)

as the mentally disordered person directs, within 14 days after being required by him to do so, the Court may order any fit and proper person to make the transfer or to transfer the stock, security, share or debenture and to receive and pay over the dividends in such manner as it may direct, and the transfer or payment shall be valid and effectual for all purposes.

Transfer of property of mentally disordered person residing outside

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