Section 31
Powers of council
of Labuan Foundations Act 2010
ActIn forceProvision 31 of 117
Section 31
(1)
The constituent document may specify the powers of the council and provide for powers in addition to those provided for in this Act.
(2)
The council shall—
(a)
take such action as it deems necessary to ensure compliance by the Labuan foundation and its officers with the terms of the constituent document and the provisions of this
Act; and
(b)
be responsible for the general supervision of the management of the Labuan foundation by its officers.
(3)
The council shall represent the Labuan foundation and for the purpose of ensuring compliance with the terms of the constituent document and the provisions of this Act, the officers of the Labuan foundation shall act in accordance with the instructions of the council.