← Bank Kerjasama Rakyat Malaysia Berhad (Special Provisions) Act 1978

Bank Kerjasama Rakyat Malaysia Berhad (Special Provisions) Act 1978 s 7

s 7 Devolution of rights and liabilities

(1) The Board shall for all purposes be deemed to be the Board of Directors of the Bank duly constituted under the *Ordinance and the by-laws of the Bank and shall be entitled to exercise all the powers of the Board of Directors of the Bank, whether such powers are derived from the *Ordinance, the rules made thereunder, or the by-laws of the Bank; and any reference to the Board of Directors of the Bank in any written law or document shall be deemed to be a reference to the Board. (2) Subject to this Act, all powers, rights, privileges, duties, liabilities, and obligation that, immediately before the commencement of this Act, were those of the previous Board shall, as from that commencement, devolve on the Board.

Malay text (authoritative)

Penurunan hak dan liabiliti

(1) Lembaga hendaklah bagi segala maksud disifatkan sebagai Lembaga Pengarah Bank yang dibentuk dengan sewajarnya di bawah *Akta Koperasi 1993 dan undang-undang kecil Bank dan berhak untuk menjalankan segala kuasa Lembaga Pengarah Bank, sama ada kuasa itu didapati daripada *Akta Koperasi 1993, kaedah-kaedah yang dibuat di bawahnya, atau undang-undang kecil Bank; dan apaapa sebutan mengenai Lembaga Pengarah Bank dalam mana-mana undang-undang bertulis atau dokumen hendaklah disifatkan sebagai sebutan mengenai Lembaga. * CATATAN- Akta Koperasi 1993 [Akta 502] telah memansuhkan Akta Koperasi 1948 [Akta 287] - lihat perenggan 95(1)(a) Akta 502. Bank Kerjasama Rakyat Malaysia Berhad (Peruntukan Khas) 13 (2) Tertakluk kepada Akta ini, segala kuasa, hak, keistimewaan, kewajipan, liabiliti dan obligasi yang, sebaik sebelum permulaan kuat kuasa Akta ini, ialah kuasa, hak, keistimewaan, kewajipan, liabiliti dan obligasi Lembaga yang dahulu hendaklah, mulai dari permulaan kuat kuasa Akta ini, turun kepada Lembaga.

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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).

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