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If my trustee (a trust corporation) goes bankrupt, will my assets in the Trust be affected?
If my trustee (a trust corporation) goes bankrupt, will my assets in the Trust be affected?
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Written by Support
Updated over a week ago

Section 89 of Chapter 29 of the Trustee Ordinance stipulates that all money, property, and securities received or held by any trust company as a trustee shall always be kept separately from the company's money, property, and securities. Each trust is marked in the account book to distinguish it from any other money, property, and securities in the company’s register and other account books. Therefore, no trust money shall form part of the company’s assets or be mixed with the company’s assets at any time. The client's assets will never be used to repay the debts of the trust company according to Article 11(b) of Cap. 76 Recognition of Trusts Ordinance. Therefore, the trust assets are protected by law and not affected by the collapse of the Trust Company.

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