Labuan Offshores Trusts Act 1996 s 59

s 59 Prohibition on registration or carrying on of business

(1) The Minister may, without assigning reasons therefor, issue a direction— (a) prohibiting the registration or creation or recognition of any trust or enforcement of any trust under this Act; or (b) directing any offshore trust to cease to carry on its business or part of its business either immediately or within such time as may be specified in the direction. (2) A direction made under this section may be revoked or varied by the Minister.

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Find Act 554 on lom.agc.gov.my ↗

Text as at 1 January 2006 (LOM reprint); amendments made after that date may not be incorporated.

Source: Laws of Malaysia, Attorney General's Chambers of Malaysia (lom.agc.gov.my). Not a copy of the Gazette printed by the Government Printer (Interpretation Acts 1948 and 1967, s 61).

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