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Section 13

of Sabah Economic Development Corporation Conduct And Discipline Rules 1992

State Subsidiary LegislationIn forceProvision 13 of 45

Section 13

An employee shall not lend money at interest whether with or without security, provided that placing money on fixed deposit in any bank or in an account in any bank or in any borrowing company licensed under the Banking and Financial Institutions Act 1989 [Act 372], or in any security or stocks issued by the Government or by any statutory body, shall not be regarded as lending money at interest.