Malaysia legislation
Section 25
Section 25
(2)
Prior to the registration of the Labuan foundation, the council member may be appointed by the founder.
(3)
Upon the registration of the Labuan foundation, the council member may be appointed by the founder or such other person as may be empowered by the founder in the charter or articles of the Labuan foundation.
(4)
A founder or beneficiary who is not an officer of the Labuan foundation may be appointed as a council member.
(5)
The appointment of a council member of a Labuan foundation shall not be effective unless he has delivered to the founder or the person appointing him, as the case may be, his consent in writing to such appointment.
Council meeting