Malaysia legislation

Section 29

of AKADEMI SENI BUDAYA DAN WARISAN KEBANGSAAN ACT 2006

Section 29

Power to invest

(2)

The Akademi may deposit, either in fixed deposit or in current account, any moneys for the time being uninvested with any bank in Malaysia holding a valid licence under the provisions of the Banking and Financial Institutions Act 1989 [Act 372] or the Islamic Banking Act 1983 [Act 276] and approved in advance in writing for the purpose by the Minister.

Annual estimates

Read in full context — AKADEMI SENI BUDAYA DAN WARISAN KEBANGSAAN ACT 2006 →