Section 29
Power to establish corporations
of Lembaga Kemajuan Wilayah Pulau Pinang Act 1983
ActIn forceProvision 37 of 42
Section 29
(1)
The Lembaga may from time to time, with the approval of the
Minister and the concurrence of the Minister of Finance, by order published in the Gazette, establish a corporation by such name as the
Lembaga may think fit to carry out and have the charge, conduct and management of any project, scheme or enterprise which has been planned or undertaken by the Lembaga in the execution of its duties or the discharge of its functions.
(2)
The provisions of the Second Schedule shall apply to everycorporation established by the Lembaga under subsection (1).