Malaysia legislation
Section 11A
Section 11A
(2)
Without prejudice to subsection (1), the objects of a trust may be—
(a)
persons of any number;
(b)
purposes of any number or kind; or
(c)
both the person or persons and purpose or purposes, provided that the purposes are lawful and not contrary to public policy.
(3)
A purpose trust shall be enforceable by the enforcer appointed in accordance with section 11C.
(4)
Notwithstanding subsection (3), where the objects of a purpose trust include a person, such person shall be entitled to enforce the purpose trust as regard the person and not a purpose.
Labuan Trusts 23
(5)
Any instrument creating or evidencing a purpose trust may—
(a)
specify an event or date upon the occurrence of which the trust ceases to be a purpose trust;
(b)
provide for the disposition of the property of the trust when the trust ceases to be a purpose trust; and
(c)
provide that, for so long as the trust is a purpose trust, the trustees owe no duty—
(i)
to any person entitled to such property when the trust ceases to be a purpose trust; or
(ii)
in relation to any purposes for which such property are then to be applied.
Charitable trusts