account of the customer. SECTION 37. In cases where a court orders to accept a customer’s petition for business reorganization or orders the receivership of a customer in a bankruptcy case, the official
assets, Section 114 of the Bankruptcy Act B.E. 2483 (1940) shall not apply. The true receipt of transfer from the seller of the assets in accordance with the first paragraph means a transfer of assets
trustee. In cases where a trustee becomes bankrupt as a result of its own debt or ceases to be a juristic person, the trust property shall not be deemed as bankruptcy estate or property in liquidation, as
shall not be deemed as bankruptcy estate or property in liquidation, as the case may be. Chapter 5 Termination of Trust _____________ SECTION 51 A trust shall come into termination as specified in the
a result of its own debt or ceases to be a juristic person, the trust property shall not be deemed as bankruptcy estate or property in liquidation, as the case may be. Chapter 5 Termination of Trust
the following persons: (1) interim executive, planner, plan administrator and interim plan administrator under the law on bankruptcy. In cases where such person is a juristic person, it shall include
bankruptcy, of the securities issuing companies under Section 32 or Section 33, mutatis mutandis, and in cases where such persons are a juristic person, the duty under the first paragraph shall also apply to
(Translation) PAGE 112 (Translation) Securities and Exchange Act B.E. 2535 (As Amended) _________________ BHUMIBOL ADULYADEJ, REX., Given on the 12th day of March B.E. 2535; Being the 47th Year of the Present Reign. His Majesty King Bhumibol Adulyadej is graciously pleased to proclaim that: Whereas it is expedient to enact a law on the securities and exchange; Be it, therefore, enacted by His Majesty the King, by and with the advice and consent of the National Legislative Assembly functioning as...
(Translation) Securities and Exchange Act B.E. 2535 (As Amended) _________________ BHUMIBOL ADULYADEJ, REX., Given on the 12th day of March B.E. 2535; Being the 47th Year of the Present Reign. His Majesty King Bhumibol Adulyadej is graciously pleased to proclaim that: Whereas it is expedient to enact a law on the securities and exchange; Be it, therefore, enacted by His Majesty the King, by and with the advice and consent of the National Legislative Assembly functioning as both Houses of Parliam...