This Act may be cited as the National Defence Fund (Dissolution and Transfer) Act 1984.
Act 305
National Defence Fund (Dissolution and Transfer) Act 1984
Akta tabung pertahanan negara (pembubaran dan pemindahan) 1984
An Act to dissolve the National Defence Fund and to transfer all its properties and liabilities to the National Heroes Welfare Trust Fund, and to provide for matters incidental thereto or connected therewith.
Data synced
Text as at 1 January 2006 (LOM reprint); amendments made after that date may not be incorporated.
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In this Act, unless the context otherwise requiresβ
βNational Defence Fundβ means the Fund maintained in the National Defence Fund Trust Account established under section 9 of the Financial Procedure Act 1957 [Act 61];
Laws of Malaysia ACT 305
βNational Heroes Welfare Trust Fundβ means the trust fund so named which is maintained and managed under an Instrument of Trust executed on 31 October 1968 between the Managerial Board of the said Trust Fund of the one part and the Public Trustee, Malaysia of the other part.
s 3Dissolution of the National Defence Fund and transfer of its assets and liabilities to the National Heroes Welfare Trust FundOpen β
(1) The National Defence Fund shall, on the commencement of this Act, be dissolved and all moneys, securities and other assets standing to its credit in the trust account maintained in respect of it under section 9 of the Financial Procedure Act 1957, or otherwise belonging to or due to be paid into the said Fund, immediately before the commencement of this Act shall, on the commencement of this Act, be transferred to the National Heroes Welfare Trust Fund and vest in the trustee of the said Trust Fund, and such transfer and vesting shall have effect without any document of transfer, conveyance or assignment whatsoever.
(2) The moneys, securities and other assets transferred under subsection (1) shall be held in trust and utilized under the National Heroes Welfare Trust Fund in accordance with the terms and for the purposes, as may for the time being, be set out in the Instrument of Trust in respect thereof.
(3) All rights and liabilities which immediately before the commencement of this Act were those of the National Defence Fund shall, on the commencement of this Act, devolve on the National Heroes Welfare Trust Fund.
Cite this legislation
- Official citation
- Act 305
- Source
- lom.agc.gov.my
- Data synced
- Licence
- Official text, free to reproduce (Copyright Act 1987 [Act 332] s 3) β
National Defence Fund (Dissolution and Transfer) Act 1984 [Act 305] (Laws of Malaysia, lom.agc.gov.my). Retrieved via LawPlayer, https://lawplayer.com/my/act/act-305
This text is synced from lom.agc.gov.my. In case of any discrepancy, the authoritative text prevails.
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).