← belizelaw.ai · International Foundations, Cap. 24:02 · PART XIII — Investigation of Foundations

Investigation order

Cap. 24:02, s. 115 · Revised Edition 2020

(1) A founder, beneficiary or protector of a foundation, or the Registrar may, without notice or upon such notice as the Court may require, apply to the Court for an order directing that an investigation be made of the foundation or any foundation or company affiliated with it. (2) If, upon an application under sub-section (1), it appears to the Court that– (a) the affairs of the foundation or any of its affiliates are being or have been carried on with intent to defraud any person; (b) the foundation or any of its affiliates was established for a fraudulent or unlawful purpose or is to be dissolved for a fraudulent or unlawful purpose; (c) persons concerned with the establishment, business or affairs of the foundation or any of its affiliates have in connection therewith acted fraudulently or dishonestly; or (d) it is in the public interest that an investigation of the foundation or any of its affiliates be made, the Court may make any order it thinks fit with respect to an investigation of the foundation or any of its affiliates by an inspector. 88 (3) If a founder, beneficiary or protector makes an application under sub-section (1), he shall give the Registrar reasonable notice of it, and the Registrar is entitled to appear and be heard at the hearing of the application.
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