Labuan Foundations Act 2010 · Updated to 23 Apr 2025 · Part V · Council, Officers and Secretary
41. Secretary
Feedback & supportThe founder shall, before the registration of a Labuan foundation, appoint a person, who shall be a company registered as a
founder
“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;
Labuan trust company under Part V of the Labuan Financial Services and Securities Act 2010 [Act 704], to be the secretary of the proposed
Labuan foundation.
The secretary may be a council member at the same time provided that the secretary shall not be the sole council member.
secretary
“secretary” means a Labuan Trust company appointed as secretary in accordance with section 41;
The secretary shall have the duties, powers and obligations provided for in this Act including accepting service of all documents in respect of legal proceedings against the Labuan foundation which may be served on the Labuan foundation.