Malaysia legislation

Section 56

of BANKING ACT 1973

Section 56

(2)

Without prejudice to the generality of subsection (1), regulations may be made—

(a)

to provide for control by the Central Bank with respect to the acquisition or holding by a licensed bank of shares of any corporation or the acquisition or development by the bank of any immovable property; and

(b)

to provide for control by the Central Bank with respect to a licensed bank becoming a partner or proprietor of any firm with unlimited liability;

(c)

(d)

(e)...

Section 56 — BANKING ACT 1973 | mylaw.my