Continuance in foreign jurisdiction

(1) Subject to its foundation charter and by-laws, a foundation may, pursuant to a resolution of its foundation council or as otherwise provided, apply to the appropriate official or public body of a foreign jurisdiction to be continued as an entity in the foreign jurisdiction as if it had been established under the laws of that foreign jurisdiction, in the manner provided by such laws. 70 (2) Subject to the provisions of this Act, a foundation that continues as an entity under the laws of a foreign jurisdiction does not cease to be a foundation under the laws of Belize unless the laws of the foreign jurisdiction permit such continuation and the foundation has complied with such laws.