Section 9

by renumbering the existing section as subsection (1);

and

by inserting after the renumbered subsection (1) the following subsection:

“(2)  Where the Labuan foundation fails to appoint a replacement secretary within thirty days from the effective date of cessation pursuant to subsection (1), the Labuan foundation is deemed to be struck off the register of Labuan foundations.”.

Amendment of section 44