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← Malaysia Co-operative Societies Commission Act 2007

Malaysia Co-operative Societies Commission Act 2007 s 42

Malaysia Co-operative Societies Commission Act 2007 s 42

s 42 Central Liquidity Fund

(1) The Commission may require any co-operative society or any class, category or description of co-operative society by order in writing to contribute to the Central Liquidity Fund. (2) Any co-operative society required by the Commission to contribute to the Central Liquidity Fund under subsection (1) shall pay to the Commission or to its agent as specified in the order such amount of contribution or such rate of contribution as a percentage of its share capital, subscription capital, assets or liabilities or a combination thereof as may be determined by the Commission from time to time not later than such date as may be specified in the order. (3) The Commission may, with prior written approval of the Minister, make regulations on the scope, operation and management of the Central Liquidity Fund.

Read this section in the full act → · Open Chapter 3 →

Find Act 665 on lom.agc.gov.my ↗

Text as at 1 November 2012 (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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