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← East Coast Economic Region Development Council Act 2008

East Coast Economic Region Development Council Act 2008 s 38

East Coast Economic Region Development Council Act 2008 s 38

s 38 Investment

(1) The moneys of the Council, insofar as they are not required to be expended by the Council under this Act, shall be invested in such manner as the Prime Minister may approve. (2) Subject to and in accordance with any written law, the Council may establish, manage and operate any investment fund in accordance with its specified purposes, whether relating to property, stock, shares or otherwise, and to dissolve the investment fund on such terms as the Council may determine.

Malay text (authoritative)

Pelaburan

(1) Wang Majlis, setakat yang wang itu tidak dikehendaki untuk dibelanjakan oleh Majlis di bawah Akta ini, hendaklah dilaburkan mengikut apa-apa cara yang diluluskan oleh Perdana Menteri. (2) Tertakluk kepada dan mengikut mana-mana undang-undang bertulis, Majlis boleh menubuhkan, menguruskan dan mengendalikan apa-apa dana pelaburan mengikut maksud yang ditentukan baginya, sama ada yang berhubungan dengan harta, saham, syer atau selainnya, dan untuk membubarkan dana pelaburan itu atas apa-apa terma yang ditentukan oleh Majlis.

Read this section in the full act → · Open Part VII →

Find Act 688 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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