Malaysia legislation

Section 31

of *LABUAN OFFSHORES TRUSTS ACT 1996

Section 31

(a)

act jointly in the performance of their duties and the exercise of their powers; and

(b)

not exercise any power or discretion unless they are all in agreement.

(2)

Where the terms of the trust empower the trustees to act by a majority, a trustee who dissents from a decision of the majority of the trustees shall cause his dissent to be recorded in writing.

40 Laws of Malaysia ACT 554

Impartiality of trustees

Section 31 — AKTA AMANAH PESISIR LABUAN 1996 | mylaw.my