Malaysia legislation

Section 22

of *MAJLIS AMANAH RAKYAT ACT 1966

Section 22

General powers to transact business

The Majlis shall have power to do anything and to enter into any transaction (whether or not involving expenditure, borrowing, granting

Majlis Amanah Rakyat 19

of loans or investment of money in accordance with this Act in that behalf, the acquisition, use and disposal of any movable or immovable property, including vehicles and vessels, or rights) which in its opinion is calculated to facilitate the proper discharge of its duty or is incidental or conducive thereto.