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LOANS GUARANTEE (BODIES CORPORATE) ACT 1965/Section 6

Malaysia legislation

Section 6

of LOANS GUARANTEE (BODIES CORPORATE) ACT 1965

Section 6

So long as the Government shall continue liable under any guarantee given under this Act in respect of any sums raised by a body corporate, the body corporate shall not except with the consent of the Minister exercise any other power to borrow possessed by it.

Read in full context — LOANS GUARANTEE (BODIES CORPORATE) ACT 1965 →
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