Malaysia legislation

Section 4

of *ASIAN DEVELOPMENT BANK ACT 1966

Section 4

Power to subscribe to shares of the capital stock of the Bank

The Minister is hereby authorized to subscribe on behalf of the

(a)

to shares of the original authorized capital stock of the

Bank in accordance with section 1 of Article 5 in such amount as will not exceed twenty (20) million United

States dollars;

(b)

where the original authorized capital stock of the Bank is increased in accordance with section 2 of Article 5, to a proportion of the increase of stock as provided in that section; and

(c)

where the shares of Malaysia have been increased at the request of the Government of Malaysia in accordance with section 3 of Article 5, to the amount of such increase.

Sums payable to the Bank to be charged on the Consolidated

Fund

Section 4 — ASIAN DEVELOPMENT BANK ACT 1966 | mylaw.my