Malaysia legislation

Section 27

of PERBADANAN PEMBANGUNAN EKONOMI SARAWAK ORDINANCE, 1958

Section 27

The Corporation may⎯

(a)

postpone the payment of any sum due for principal or interest to it in respect of a loan made by the Corporation upon such terms and conditions, for the carrying out of the purposes for which such loan was made and for the ultimate repayment of such principal or payment of such interest, as it may deem necessary; and

(b)

from time to time, extend the period for the repayment of any loan, or compound or release any loan, or any part of it, subject to such terms and conditions as it may deem fit.

Payment of loan before due date

Section 27 — PERBADANAN PEMBANGUNAN EKONOMI SARAWAK ORDINANCE, 1958