Malaysia legislation
Section 16
Section 16
(2)
A Labuan trust shall, unless otherwise stated in the terms of a trust, continue to exist for an unlimited period or be terminated in accordance with the provisions of this Act.
(3)
Notwithstanding subsections (1) and (2), the terms of a Labuan trust may authorize the trustee to—
(a)
appoint a fixed duration to a Labuan trust;
(b)
convert a Labuan trust with fixed duration to a Labuan trust for unlimited period; or
(c)
alter, by limiting or extending, the duration of a Labuan trust.
Variation and revocation of Labuan trust