s 24 Restriction on loans and advances
The Bank shall not grant a loan or advance to any director or person for whom a director is a guarantor.
Bank Simpanan Nasional Act 1974 s 24
Bank Simpanan Nasional Act 1974 s 24
Malay text (authoritative)
Sekatan ke atas pinjaman dan pendahuluan
Bank tidak boleh memberikan sesuatu pinjaman atau pendahuluan kepada mana-mana pengarah atau orang yang baginya seseorang pengarah ialah seorang penggerenti.
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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