Secretary

(1) Every foundation shall, unless its foundation council includes at least one person who is permanently resident in Belize and is a regulated person, have a Secretary who– (a) must be a person residing in Belize; (b) must be a regulated person; and (c) may be the registered agent of the foundation. (2) No foundation shall have as its Secretary a person who is the sole member. (3) The Secretary of a foundation shall be responsible to the foundation council of the foundation for the implementation of the decisions and policies of the foundation council in compliance with the laws of Belize and for due compliance with the provisions of this Act.