Section 23
of Co-Operative Institute (Incorporation) Act 1968 (REVISED—2025)
ActIn forceProvision 23 of 41
Section 23
(1)
A fund to be known as the Co-operative Institute of Malaysia
Fund (hereinafter referred to as the “Fund”) is established—
(a)
into which shall be paid all sums received by the Institute, whether by way of contributions, grants, fees, borrowing or otherwise;
(b)
from which shall be paid such outgoings as are directed by this Act to be paid out of the Fund; and
(c)
into which shall be paid sums received from the
Co-operative Societies Education Trust Fund.
(2)
Parliament may from time to time make grants to the
Institute.