Section 46C
Primary purpose of this Part
of Labuan Offshores Trusts Act 1996
ActIn forceProvision 64 of 94
Section 46C
The primary purpose of this Part is to enable a trust of company shares to be established under which—
(a)
the shares may be retained indefinitely; and
(b)
the management of the company may be carried out by its directors without any power of intervention being exercised by the trustee.