79. Labuan trust company subject to same control as any other executor

Terms defined in s 2

• court

  court

  Defined · s 2

  “court” means a court of competent jurisdiction;

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• Labuan

  Labuan

  Defined · s 2

  “Labuan” means the Federal Territory of Labuan;

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• Labuan trust company

  Labuan trust company

  Defined · s 2

  “Labuan trust company” means a person licensed to carry on trust company business under sections 61 and 71;

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• securities

  securities

  Defined · s 2

  “securities” means any investments commonly known or capable of being described as securities, and includes— (a) shares, debentures, funds, units, interests in a limited partnership or limited liability partnership or unit trust or foundation or protected cell company or corporation; (b) debentures, bonds or notes of or issued by any body (incorporated or unincorporated), government, local government or public authority; *NOTE—The Exchange Control Act 1953 has since been repealed by the Financial Services Act 2013 which comes into operation on 30 June 2013—see sections 271 and 272…

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