Malaysia legislation

Section 27

of Credit Corporation Enactment 1981

Section 27

(1)

The Corporation may from time to time appoint and employ valuers and inspectors at such remuneration and on such terms as the Corporation may determine and may in its discretion remove any person as appointed.

(2)

The fee of any valuer or inspector shall be fixed by the Corporation.

(3)

Any valuer or inspector appointed under this section may, at all reasonable times, enter upon lands or premises in respect of which a loan or guarantee has been made or granted under the provision of this Enactment and may value or inspect the same and any person obstructing or causing to be obstructed any valuer or inspector in making such valuation or inspection, whether by force or by threats or in any other manner shall be guilty of an offence and shall, on conviction thereof, be liable to a fine of two hundred and fifty ringgit or imprisonment for six months.

Power of corporation to establish offices or agencies.

Section 27 — Credit Corporation Enactment 1981 | mylaw.my