Malaysia legislation

Section 13B

of *FISHERMEN'S ASSOCIATIONS ACT 1971

Section 13B

Subject to section 5, a Fishermen’s Association may invest or deposit its funds—

(a)

in any bank approved by the Registrar from time to time;

(b)

in any of the securities of the Federal Government or of the Government of any State;

Fishermen’s Associations 17

(c)

in securities issued in the Federation with the approval of the Treasury by any public authority established under

Federal or State law;

(d)

with the approval of the Registrar, in the share capital or securities of any registered body or company;

(e)

with the approval of the Registrar, in the purchase of lands or buildings or in the construction of buildings; or

(f)

in any other mode approved by the Registrar.

Reserve Fund