Bank Kerjasama Rakyat Malaysia Berhad (Special Provisions) Act 1978 s 19
s 19 Past activities of the Bank
(1) The Board shall, as soon as may be after the commencement of this Act, submit to the Minister and the Minister of Finance a written report on the activities being undertaken by the Bank immediately before that commencement.
(2) The Minister may, with the concurrence of the Minister of Finance, approve, either unconditionally or subject to such conditions as he thinks fit to impose, all or any of the activities so undertaken by the Bank or may, with the concurrence of the Minister of Finance, direct that all or any of such activities shall cease.
(3) Notwithstanding anything contained in any other written law to the contrary, the activities approved by the Minister under subsection (2) shall be deemed to have been lawfully carried out by the Bank.
Malay text (authoritative)
Aktiviti dahulu bagi Bank
(1) Lembaga hendaklah, dengan secepat yang boleh selepas permulaan kuat kuasa Akta ini, mengemukakan kepada Menteri dan Menteri Kewangan suatu laporan bertulis mengenai aktiviti yang dijalankan oleh Bank sebaik sebelum permulaan kuat kuasa Akta ini.
(2) Menteri boleh, dengan persetujuan Menteri Kewangan, meluluskan, sama ada tanpa syarat atau tertakluk kepada apa-apa syarat yang difikirkannya patut dikenakan, semua atau mana-mana daripada aktiviti yang dijalankan sedemikian oleh Bank atau boleh, dengan persetujuan Menteri Kewangan, mengarahkan supaya semua atau mana-mana daripada aktiviti itu dihentikan.
(3) Walau apa pun apa-apa jua yang terkandung dalam mana-mana undang-undang bertulis lain yang berlawanan, aktiviti yang diluluskan oleh Menteri di bawah subseksyen (2) hendaklah disifatkan telah dijalankan dengan sah oleh Bank.
Read this section in the full act → · Open Part IV →
Find Act 202 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).
