Malaysia legislation

Section 130R

of *LABUAN COMPANIES ACT 1990

Section 130R

(2)

Each cell of a Labuan protected cell company shall have its own distinct name or designation.

(3)

The memorandum or articles of a Labuan protected cell company shall state that it is a Labuan protected cell company.

(4)

A Labuan protected cell company may, in order to comply with subsection (3), alter its memorandum or articles by a special

Labuan Companies 155

resolution, and the provisions of this Act relating to alteration of the memorandum or articles shall apply.

(5)

Unless and until a Labuan protected cell company has complied with the provisions of this section, it shall not be deemed to be a Labuan protected cell company for the purposes of this Part.

Cell and general assets