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Labuan Offshores Trusts Act 1996 · s 11B
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Labuan Offshores Trusts Act 1996 · s 11B
Tell us what is wrong in this text. We check every suggestion against the official version before we change anything.
A trust shall be regarded as a trust for charitable purposes under this Act where the trust is made for any one or more of the following purposes and where the fulfillment of such purpose or purposes is for the benefit of the community or a substantial section of the community having regard to the type and nature of the purpose or purposes:
the relief or eradication of poverty;
the advancement of education;
the promotion of art, science and religion;
the protection of the environment;
the advancement of human rights and fundamental freedom; or
any other purposes which are beneficial to the community.
24 Laws of Malaysia ACT 554
A purpose may be regarded as charitable whether it is to be carried out in Malaysia or elsewhere and whether it is beneficial to the community in Malaysia or elsewhere.