Section 24
Reserve Fund
of Co-Operative Institute (Incorporation) Act 1968 (REVISED—2025)
ActIn forceProvision 24 of 41
Section 24
(1)
The Institute may establish and manage a Reserve Fund.
(2)
Subject to subsection (3), the payment into and out of the
Reserve Fund shall be determined by the Board.
Laws of Malaysia 20 20
Act 865
(3)
The Reserve Fund shall not be applied otherwise than for the purposes of the Institute.