Malaysia legislation
Section 50
Section 50
The funds of a registered society may be raised by any or all of the following:
(a)
entrance fees, which shall not be refundable except in cases where an application for membership has been rejected;
(b)
shares subscribed and paid by members, of which a minimum number prescribed in the bylaws of such registered society shall not be withdrawable except after termination of membership, while shares subscribed in excess of this minimum contribution may be withdrawable or transferable or both, subject to the provisions of this Act and the regulations and to any limitations laid down in the by-laws of such registered society;
(c)
in the case of registered societies which have as their object the promoting of thrift among their members and the creating of a source of credit for their members, subscription capital;
(d)
specific savings of members, which shall be withdrawable subject to conditions laid down in the by-laws;
(e)
deposits or loans from members and nonmembers, subject to such restrictions as are laid down in this Act and the regulations and in the by-laws of such registered society;
(f)
surplus carried to the Reserve Account;
(g)
donations and grants made by third persons, except that no donations from any foreign source, whether offered directly or otherwise, shall be received by a registered society without the prior approval of the Registrar-General.