Malaysia legislation
Section 28
Section 28
Borrowing powers
(1)
The Board may, from time to time, with the approval of the Minister of Finance, borrow money by the issue of debenture stock or otherwise as the Minister of Finance may direct for the purposes of this Enactment.
# “Banking and Financial Institutions Act 1989” substituted for “Banking Act 1973” by virtue of Act 372.
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(2)
The Board may, from time to time, for the purpose of this Enactment, raise loans from the Government, or with the consent of the Minister of Finance, borrow by way of a temporary loan or overdraft from a bank licensed under the provisions of the Banking and
Financial Institutions Act 1989# [Act 372.] or otherwise.
Loans may be secured by mortgage