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Section 5

Stocks in Corporation held by State Financial Secretary

of Brooke Dockyard and Engineering Works Corporation (Repeal and Successor Company) Ordinance, 1994

State OrdinanceIn forceProvision 5 of 10
Section 5

Any stocks held by the State Financial Secretary for purposes of the State Government of Sarawak issued under the repealed Ordinance shall as from the transfer date be held by the State

Financial Secretary in the successor company and the successor company shall issue shares to the State Financial Secretary of a value not less than the value of the stocks held by the State Financial

Secretary in the Corporation immediately before the transfer date.

Read in full context — Brooke Dockyard and Engineering Works Corporation (Repeal and Successor Company) Ordinance, 1994 →