Malaysia legislation

Section 31

of LABUAN FOUNDATIONS ACT 2010

Section 31

Powers of council

(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.

Rights of council