Section 19
Past activities of the Bank
of Bank Kerjasama Rakyat Malaysia Berhad (Special Provisions) Act 1978
The Board shall, as soon as may be after the commencement of this Act, submit to the Minister and the Minister of Finance a written report on the activities being undertaken by the Bank immediately before that commencement.
(2)
The Minister may, with the concurrence of the Minister of
Finance, approve, either unconditionally or subject to such conditions as he thinks fit to impose, all or any of the activities so undertaken by the Bank or may, with the concurrence of the Minister of Finance, direct that all or any of such activities shall cease.
(3)
Notwithstanding anything contained in any other written law to the contrary, the activities approved by the Minister under subsection (2) shall be deemed to have been lawfully carried out by the Bank.
Bank Kerjasama Rakyat Malaysia Berhad (Special Provision) 21