Intellectual Property Corporation of Malaysia Act 2002 · Updated to 1 Oct 2020 · Part V · Finance
34. Power to borrow
Feedback & supportThe Corporation may, from time to time, with the prior approval of the Minister and the Minister of Finance, borrow, at such rate of interest and for such period and upon such terms as to the time and method of repayment and otherwise as the
Corporation
“Corporation” means the Intellectual Property Corporation of Malaysia established under section 3;
Minister and the Minister of Finance may approve, any sums required by the Corporation for meeting any of its obligations or performing any of its functions under this Act.
Minister
“Minister” means the Minister for the time being responsible for intellectual property;
The Corporation may, from time to time, with the prior approval of the Minister and the Minister of Finance, borrow money by the issue of bonds, debenture, debenture stocks or such other securities upon such terms as it deems expedient for meeting any of its obligations or performing any of its functions under this Act.