Malaysia legislation

Section 23

of *LABUAN OFFSHORES TRUSTS ACT 1996

Section 23

(2)

A disclaimer made under subsection (1) shall be in writing.

(3)

A disclaimer made under subsection (1) may, subject to the terms of the trust, be revocable and it shall be exercisable in the manner and under the circumstances so expressed.

(4)

A disclaimer made under subsection (1) shall not prejudice the rights and interests of the beneficiary prior to the disclaimer.

Interest of beneficiary and dealings thereof