Malaysia legislation

Section 11

of LABUAN FOUNDATIONS ACT 2010

Section 11

(2)

The property of a Labuan foundation shall be exclusively managed, including being realised, applied, administered, invested and disbursed in accordance with the constituent document and the provisions of this Act for the attainment of the purposes or objects of the Labuan foundation.

Powers and obligations of founder

Section 11 — LABUAN FOUNDATIONS ACT 2010 | mylaw.my