Malaysia legislation

Section 27

of LABUAN FOUNDATIONS ACT 2010

Section 27

Disqualification of council member

A person shall not be appointed or remain as a council member if—

(a)

he is a bankrupt, mentally disordered or of unsound mind;

(b)

that person, being a corporation, is the subject of any proceeding which may result in it being wound up or otherwise dissolved;

Labuan Foundations 27

(c)

he is convicted of a criminal offence involving fraud and dishonesty or of any criminal offence for which he has been sentenced to imprisonment; or

(d)

he is an officer of the Labuan foundation.

Cessation of council member

Section 27 — LABUAN FOUNDATIONS ACT 2010 | mylaw.my