Malaysia legislation
Section 65
Section 65
(2)
The officers of a Labuan foundation shall authorize a distribution to a beneficiary only in accordance with this Act and the constituent document of the Labuan foundation.
(3)
No distribution to a beneficiary shall be made for the purpose of defeating, or where the effect of so doing would be to defeat, the claim of any creditor of the Labuan foundation.
Act 706
Delegation of power to authorize distribution to beneficiary by officer