Labuan Offshores Trusts Act 1996 · s 46K

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s 46KPower of Court to order disposal

(1)

Where it appears to the Court that the retention of the designated shares is no longer compatible with the wishes of the settlor, the Court shall have power, on the application of any interested person, to order or authorize a sale or other disposal of the designated shares, and a sale or other disposal so ordered or authorized shall not require any consent referred to in subsection 46I(3).

(2)

In making an order or authorization under subsection (1), the

Court may impose such, if any, terms and conditions in relation to the sale or other disposal as it thinks fit.