Administration of unclaimed estates in Malaysia: The peculiarities of unclaimed money, undistributed fund and bona vacantia

Issues relating to the complexities of unclaimed estates have become a national concern and a major recurring problem as the value of such estates is growing annually. However, despite the constant reports on the increasing value of unclaimed estates, it is very unfortunate that the exact types of u...

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Main Authors:	Halim, Akmal Hidayah, Mohd Noor, Nor Azlina, Arshad, Azhani
Format:	Article
Language:	English English
Published:	International Economic Society 2017
Subjects:	K Law (General)
Online Access:	http://irep.iium.edu.my/61980/ http://irep.iium.edu.my/61980/1/Dr.%20Akmal_IJEP_Acceptance%20Letter.pdf http://irep.iium.edu.my/61980/4/IJEP%20Dr%20Akmal%20Hidayah.pdf

id	iium-61980
recordtype	eprints
spelling	iium-619802018-02-15T02:53:18Z http://irep.iium.edu.my/61980/ Administration of unclaimed estates in Malaysia: The peculiarities of unclaimed money, undistributed fund and bona vacantia Halim, Akmal Hidayah Mohd Noor, Nor Azlina Arshad, Azhani K Law (General) Issues relating to the complexities of unclaimed estates have become a national concern and a major recurring problem as the value of such estates is growing annually. However, despite the constant reports on the increasing value of unclaimed estates, it is very unfortunate that the exact types of unclaimed estates remain hitherto uncertain and not specifically identified. Hence, this paper aims to examine the peculiarities of unclaimed estates in the administration of the deceased’s estate in Malaysia. The main focus is to analyse the position of the unclaimed money, the undistributed fund and the case of bona vacantia for the estate of a person dying intestate and leaving no heir to inherit accordingly. The discussion adopts the doctrinal analysis by examining the existing primary and secondary materials including statutory provisions, case law and other legal and non-legal literatures. The paper finds that the existence of various laws that governs different types of unclaimed estates has led to the distinctive methods in the administration and management of such estates. Hence, it is highly important that these types of estates together with legal and procedural mechanisms relating to the administration of such estates are clearly identified so that productive elements of such estates would be activated to the advantage of the rightful beneficiaries. International Economic Society 2017-12 Article PeerReviewed application/pdf en http://irep.iium.edu.my/61980/1/Dr.%20Akmal_IJEP_Acceptance%20Letter.pdf application/pdf en http://irep.iium.edu.my/61980/4/IJEP%20Dr%20Akmal%20Hidayah.pdf Halim, Akmal Hidayah and Mohd Noor, Nor Azlina and Arshad, Azhani (2017) Administration of unclaimed estates in Malaysia: The peculiarities of unclaimed money, undistributed fund and bona vacantia. International Journal of Economic Perspective. ISSN 1307-1637 (In Press)
repository_type	Digital Repository
institution_category	Local University
institution	International Islamic University Malaysia
building	IIUM Repository
collection	Online Access
language	English English
topic	K Law (General)
spellingShingle	K Law (General) Halim, Akmal Hidayah Mohd Noor, Nor Azlina Arshad, Azhani Administration of unclaimed estates in Malaysia: The peculiarities of unclaimed money, undistributed fund and bona vacantia
description	Issues relating to the complexities of unclaimed estates have become a national concern and a major recurring problem as the value of such estates is growing annually. However, despite the constant reports on the increasing value of unclaimed estates, it is very unfortunate that the exact types of unclaimed estates remain hitherto uncertain and not specifically identified. Hence, this paper aims to examine the peculiarities of unclaimed estates in the administration of the deceased’s estate in Malaysia. The main focus is to analyse the position of the unclaimed money, the undistributed fund and the case of bona vacantia for the estate of a person dying intestate and leaving no heir to inherit accordingly. The discussion adopts the doctrinal analysis by examining the existing primary and secondary materials including statutory provisions, case law and other legal and non-legal literatures. The paper finds that the existence of various laws that governs different types of unclaimed estates has led to the distinctive methods in the administration and management of such estates. Hence, it is highly important that these types of estates together with legal and procedural mechanisms relating to the administration of such estates are clearly identified so that productive elements of such estates would be activated to the advantage of the rightful beneficiaries.
format	Article
author	Halim, Akmal Hidayah Mohd Noor, Nor Azlina Arshad, Azhani
author_facet	Halim, Akmal Hidayah Mohd Noor, Nor Azlina Arshad, Azhani
author_sort	Halim, Akmal Hidayah
title	Administration of unclaimed estates in Malaysia: The peculiarities of unclaimed money, undistributed fund and bona vacantia
title_short	Administration of unclaimed estates in Malaysia: The peculiarities of unclaimed money, undistributed fund and bona vacantia
title_full	Administration of unclaimed estates in Malaysia: The peculiarities of unclaimed money, undistributed fund and bona vacantia
title_fullStr	Administration of unclaimed estates in Malaysia: The peculiarities of unclaimed money, undistributed fund and bona vacantia
title_full_unstemmed	Administration of unclaimed estates in Malaysia: The peculiarities of unclaimed money, undistributed fund and bona vacantia
title_sort	administration of unclaimed estates in malaysia: the peculiarities of unclaimed money, undistributed fund and bona vacantia
publisher	International Economic Society
publishDate	2017
url	http://irep.iium.edu.my/61980/ http://irep.iium.edu.my/61980/1/Dr.%20Akmal_IJEP_Acceptance%20Letter.pdf http://irep.iium.edu.my/61980/4/IJEP%20Dr%20Akmal%20Hidayah.pdf
first_indexed	2023-09-18T21:27:56Z
last_indexed	2023-09-18T21:27:56Z
_version_	1777412316819619840

Administration of unclaimed estates in Malaysia: The peculiarities of unclaimed money, undistributed fund and bona vacantia

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