Section 32
Deposit and investment of the Fund
of Malaysia External Trade Development Corporation Act 1992
ActIn forceProvision 32 of 38
Section 32
The Corporation may, with the approval of the Minister and the concurrence of the Minister of Finance—
(a)
place the Fund on deposit with a bank in Malaysia; or
(b)
from time to time, invest the Fund or any part thereof, not being immediately required for meeting its obligations or exercising its powers or discharging its functions, in any investments or securities for the time being authorized for the investment of trust funds under any written law.