Penang Port Commission Act 1955 s 48

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s 48 Consequences of default in payment of interest

(1) If any sum due by the Commission under section 47 is not paid by the Commission on the date on which the same is payable the Commission shall continue liable for the payment thereof. (2) Interest shall be paid by it upon the balance from time to time overdue at a rate to be determined by the Minister of Finance until the whole amount is paid.

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Find Act 140 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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