30. Appointment of council member by Court

Terms defined in s 2

• charter

  charter

  Defined · s 2

  “charter” means the charter of a Labuan foundation provided for in section 8;

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• Court

  Court

  Defined · s 2

  “Court” means the High Court or a judge of the High Court;

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• founder

  founder

  Defined · s 2

  “founder” means the person who subscribes his name to the charter establishing a Labuan foundation acting either for himself or on behalf of another person and who, by transfer of title, endows that Labuan foundation with its initial assets;

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• Labuan

  Labuan

  Defined · s 2

  “Labuan” means the Federal Territory of Labuan;

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• officer

  officer

  Defined · s 2

  “officer” means the officer of a Labuan foundation appointed in accordance with section 35;

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• supervisory person

  supervisory person

  Defined · s 2

  “supervisory person” means any person or body of persons having supervisory powers over the Labuan foundation and is appointed under the charter of the Labuan foundation;

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