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Section 24

Power to make loans

of Majlis Amanah Rakyat Act 1966

ActIn forceProvision 25 of 47
Section 24
(1)

In the execution of its duty or in the discharge of its functions under section 6, the Majlis may make loans, and such loans may be granted subject to such terms and conditions as the Majlis may deem fit to impose in particular cases.

(2)

Third Schedule shall apply to the loans granted by the Majlis under this section.