Section 8
Charter of Labuan foundation
of Labuan Foundations Act 2010
ActIn forceProvision 8 of 117
Section 8
(1)
Every Labuan foundation shall have a charter, which shall be duly signed by each founder.
(2)
The charter of a Labuan foundation shall state the particulars specified in the First Schedule.
(3)
The charter of a Labuan foundation may make provisions for, but not limited to, the matters specified in the Second Schedule.
(4)
In the absence of any provision in the charter on any matter, the provisions of this Act in respect of that matter shall apply.