Section 16
Power to invest
of Academy of Sciences Malaysia Act 1994
ActIn forceProvision 16 of 22
Section 16
The Council may, from time to time, invest such moneys of the Fund as are not immediately required to be expended under this
Act—
(a)
in any investments or securities authorized for the investment of trust funds by any written law for the time being in force; or
(b)
in such other investments or securities as the Council thinks fit.