Malaysia legislation
Section 8B
Section 8B
(2)
The powers referred to in subsection (1) are as follows:
Labuan Trusts 17
(a)
to revoke, vary or amend the terms of a trust or powers arising wholly or partly under the trust;
(b)
to advance, determine, pay or apply income or capital of the trust property or to give directions for the making of such advancement, determination, payment or application;
(c)
to act as, or to give binding directions as to the appointment or removal of, a director or officer of any corporation wholly or partly owned by the trust;
(d)
to give binding directions to the trustee in connection with the purchase, retention, sale, management, lending, pledging or charging of the trust property or the exercise of any powers or rights arising from such property;
(e)
to appoint or remove any trustee, enforcer, protector or beneficiary;
(f)
to appoint or remove an investment manager or investment adviser;
(g)
to change the proper law of the trust; and
(h)
to restrict the exercise of any powers or discretions of a trustee by requiring that the powers shall only be exercisable with the consent of the settler or any other person specified in the terms of the trust.
Validity of Labuan trust