Labuan Foundations Act 2010 · Updated to 23 Apr 2025 · Part VIII · Dissolution
68. Power of Court to order dissolution
Feedback & supportWithout prejudice to section 67, the Court may, on the application of the Labuan foundation, or by a creditor or creditors of the Labuan foundation or by the Authority, order the dissolution of a
Labuan foundation if the Court is of the opinion that it is just and equitable that the Labuan foundation be dissolved.
Where a Court orders that a Labuan foundation be dissolved under this section, the Court may appoint a person who is an approved liquidator under section 12 of the Labuan Companies Act 1990 to supervise the dissolution of the Labuan foundation and may, from time to time, direct the manner in which the dissolution is to be conducted.
person
“person” includes a corporation, a partnership, a body of persons, corporate or unincorporated, and a corporation sole;
62 Laws of Malaysia
Malaysia
“Malaysia” means the territories of the Federation of Malaysia, the territorial waters of Malaysia and the sea-bed and subsoil of the territorial waters, and includes any area extending beyond the limits of the territorial waters of Malaysia, and the sea-bed and subsoil of any such area, which has been or may hereafter be designated under the laws of Malaysia and in accordance with international law as an area over which Malaysia has sovereign rights for the purposes of exploring and exploiting the natural resources, whether living or non living;