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← Bank Simpanan Nasional Act 1974

Bank Simpanan Nasional Act 1974 s 22

Bank Simpanan Nasional Act 1974 s 22

s 22 Power to borrow

For the purpose of carrying out its functions under this Act, the Bank may, with the approval of the Minister, borrow from the Government, the Government of any State or from any bank or financial institution such sums as may be required by the Bank on such terms and subject to such conditions as may be agreed between the lender and the Bank and approved by the Minister.

Malay text (authoritative)

Kuasa untuk meminjam

Bagi maksud menjalankan fungsinya di bawah Akta ini, Bank boleh, dengan kelulusan Menteri, meminjam daripada Kerajaan, Kerajaan manamana Negeri atau daripada mana-mana Bank atau institusi kewangan apa-apa jumlah wang yang dikehendaki oleh Bank mengikut terma dan tertakluk kepada syarat yang dipersetujui antara pihak yang memberikan pinjaman dengan Bank dan diluluskan oleh Menteri.

Read this section in the full act β†’ Β· Open Part V β†’

Find Act 146 on lom.agc.gov.my β†—

Text as at 1 December 2011 (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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