Malaysia legislation

Section 35

of LABUAN FOUNDATIONS ACT 2010

Section 35

Appointment of officers

(2)

The officer may be a natural person or a corporation.

(3)

A founder or beneficiary who is not a council member may be appointed as an officer of the Labuan foundation.

(4)

The appointment of an officer of a Labuan foundation shall not be effective unless he has delivered to the founder his consent in writing to such appointment.

Act 706

Meetings of officers

Section 35 — LABUAN FOUNDATIONS ACT 2010 | mylaw.my