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In forceUpdated to 23 Apr 2025Read it in Bahasa Malaysia

Part VII · Beneficiaries

62. Rights of beneficiary to information pertaining to his interest

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(1)

A beneficiary who has a vested interest in the property of a

Labuan foundation shall have the right to request from the council members, supervisory person or officers of the Labuan foundation information and documents pertaining to his interest and shall in particular be entitled—

(a)

to receive, on request, information from the Labuan foundation in respect of the fulfilment of the purposes and objects of the Labuan foundation;

(b)

on request, to inspect and to be supplied with a copy of—

(i)

the charter of the Labuan foundation and any amendment made to the charter;

(ii)

the articles of the Labuan foundation and any amendment made to the articles;

(iii)

any audit report, including special audit reports, books of account, reports on the financial position of the Labuan foundation and its annual accounts.

(2)

The request to receive information or inspect documents referred to in subsection (1) shall be made in writing.

(3)

The information and documents referred to in subsection (1)

shall include—

58 Laws of Malaysia

(a)

all documents relating to the vested interest of the beneficiary in which the terms of the Labuan foundation or any exercise of power or discretion is to be found; and

(b)

all financial statements of the Labuan foundation as they relate to the interest of the beneficiary.

Rights of beneficiary to confidentiality

Report

Part VIII

Dissolution

Part IX

General Provisions

Schedules