Co-operative Short title s 30

This legislation has been repealed. Do not cite it as law in force.

Text recovered by OCR from a scanned copy — section numbers and wording may be wrong. Check the official PDF on lom.agc.gov.my before citing.

s 30

(1) A registered society shall not, except as provided in section 33 of this Urdinance, make any loan to any person other thar a member : !cor to its employeos Provided that, with the consent of the Registrar, a society may make loans/ to another iSub-Af. 334registered society. (2) Except with the permission of the Registrar, a society shall not lend money (0-7-334/76 security of any movable property other than produce or goods in which the society is authorised to deal. LV202/ (3) The High-Commissioner may, by general special order, prohibit or restrict the lending of money on a mortgage or charge of any description of immovable property by any registered society or class of registered societies.

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Find Act 287 on lom.agc.gov.my ↗

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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