Malaysia legislation

Section 28

of *LABUAN OFFSHORES TRUSTS ACT 1996

Section 28

(a)

the settlor or, in the absence of the settlor, at least one beneficiary; and

(b)

in the case of a registered offshore trust, the Authority, a notice in writing of his intention and the resignation shall take effect on the delivery of the notice.

(2)

A resignation shall not have effect if—

(a)

it is given in order to facilitate a breach of trust; or

(b)

it would result in there being no trustee, unless, before the resignation takes effect, an application has been made to the Court for the appointment of a new trustee and a new trustee has been appointed.

Vacancy in a trust

Section 28 — AKTA AMANAH PESISIR LABUAN 1996 | mylaw.my