Malaysia legislation

Section 59

of *LABUAN OFFSHORES TRUSTS ACT 1996

Section 59

Prohibition on registration or carrying on of business

(a)

prohibiting the registration or creation or recognition of any trust or enforcement of any trust under this Act; or

(b)

directing any Labuan trust to cease to carry on its business or part of its business either immediately or within such time as may be specified in the direction.

(2)

A direction made under this section may be revoked or varied by the Minister.

Procedure where none laid down

Section 59 — AKTA AMANAH PESISIR LABUAN 1996 | mylaw.my