Labuan Financial Services and Securities Act 2010 · Updated to 15 Oct 2022 · Part V · Labuan Trust Companies
66. Labuan trust company’s power to act as administrator
Feedback & supportIn any case in which a person may apply for a grant of letters of administration of the estate of a deceased person, whether with or without the will annexed, that person may—
person
“person” includes a corporation, partnership, a body of persons, corporate or unincorporated and a corporation sole;
join with a Labuan trust company in an application for a grant of letters of administration of the estate to himself and the Labuan trust company jointly; or
authorize a Labuan trust company to apply for a grant of letters of administration of the estate.
Where administration of an estate, whether with or without the will annexed, is granted to a Labuan trust company either alone or jointly with any other person, the Labuan trust company may do and discharge all acts and duties which belong to the office of an administrator or joint administrator, as the case may be, notwithstanding its incorporation.
estate
“estate” means any property, whether real or personal, which is committed to the administration or management of a Labuan trust company as executor, administrator, trustee, receiver, committee, guardian or agent;