Section 27
Disqualification of council member
of Labuan Foundations Act 2010
ActIn forceProvision 27 of 117
Section 27
A person shall not be appointed or remain as a council member if—
(a)
he is a bankrupt, mentally disordered or of unsound mind;
(b)
that person, being a corporation, is the subject of any proceeding which may result in it being wound up or otherwise dissolved;
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(c)
he is convicted of a criminal offence involving fraud and dishonesty or of any criminal offence for which he has been sentenced to imprisonment; or
(d)
he is an officer of the Labuan foundation.