Loans Guarantee (Bodies Corporate) Act 1965 s 5
s 5 Issue of bonds, etc., and securities
(1) Notwithstanding anything contained in any written law the body corporate may issue such bonds, promissory notes and other instruments on such terms and conditions as may be approved by the Minister for the purpose of giving effect to any agreement aforesaid.
(2) Notwithstanding anything contained in the written law by which a body corporate is established, the body corporate may charge or mortgage all or any of its property (movable or immovable), undertaking or revenue to secure any sum raised by way of loan and guaranteed under this Act.
Malay text (authoritative)
Pengeluaran bon, dsb., dan cagaran
(1) Walau apa pun apa-apa jua yang terkandung dalam manamana undang-undang bertulis, pertubuhan perbadanan boleh mengeluarkan apa-apa bon, nota janji hutang dan surat cara lain atas apa-apa terma dan syarat sebagaimana yang diluluskan oleh Menteri bagi maksud melaksanakan mana-mana perjanjian yang tersebut dahulu.
(2) Walau apa pun apa-apa jua yang terkandung dalam undangundang bertulis yang melaluinya sesuatu pertubuhan perbadanan ditubuhkan, pertubuhan perbadanan itu boleh menggadaikan atau mengadaijanjikan semua atau mana-mana harta (alih atau tak alih), pengusahaan, atau hasilnya bagi menjadi cagaran untuk apa-apa jumlah wang yang diperdapatkan dengan cara pinjaman dan yang dijamin di bawah Akta ini.
Read this section in the full act β
Find Act 96 on lom.agc.gov.my β
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).
