Malaysia legislation
Section 18
Section 18
(1)
All cheques or other instruments drawn upon the bank account of the Board shall be signed by the Chairman and countersigned by one other Trustee or in such manner as the
Board may otherwise decide.
(2)
The bank or other financial institution may pay or arrange for payment in respect of all cheques or orders so drawn which are so signed and countersigned.
Liability of Trustees, etc.