Section 29
Lending of money or provision of financing to Corporation
of Malaysia Deposit Insurance Corporation Act 2011
ActIn forceProvision 29 of 236
Section 29
(1)
Without prejudice to section 156, the Minister may, upon request of the Corporation, lend money or provide financing to the
Corporation on such terms and conditions as the Minister may determine.
(2)
Any lending of money or provision of financing pursuant to subsection (1) shall be made out of the Consolidated Fund and where such lending or provision of financing is made, the Minister shall cause a statement on such lending or provision of financing to be laid before the Dewan Rakyat at the earliest possible opportunity.
Malaysia Deposit Insurance Corporation 51