Malaysia Deposit Insurance Corporation Act 2011 s 29
s 29 Lending of money or provision of financing to Corporation
(1) Without prejudice to section 156, the Minister may, upon request of the Corporation, lend money or provide financing to the Corporation on such terms and conditions as the Minister may determine.
(2) Any lending of money or provision of financing pursuant to subsection (1) shall be made out of the Consolidated Fund and where such lending or provision of financing is made, the Minister shall cause a statement on such lending or provision of financing to be laid before the Dewan Rakyat at the earliest possible opportunity.
Malay text (authoritative)
Peminjaman wang atau peruntukan pembiayaan kepada Perbadanan
(1) Tanpa menjejaskan seksyen 156, Menteri boleh, atas permintaan Perbadanan, meminjamkan wang atau memperuntukkan pembiayaan kepada Perbadanan atas apa-apa terma dan syarat sebagaimana yang ditentukan oleh Menteri.
(2) Apa-apa peminjaman wang atau peruntukan pembiayaan menurut subseksyen (1) hendaklah dibuat daripada Kumpulan Wang Disatukan dan jika peminjaman atau peruntukan pembiayaan sedemikian dibuat, Menteri hendaklah menyebabkan suatu penyata mengenai peminjaman atau peruntukan pembiayaan itu dibentangkan di hadapan Dewan Rakyat pada peluang yang seawal mungkin.
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Find Act 720 on lom.agc.gov.my ↗
Text as at 21 July 2023 (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).
