Malaysia legislation

Section 28

of Sabah Land Development Board Enactment 1981

Section 28

(1)

The Board shall establish a reserve fund.

(2)

The management of the reserve fund, the sums to be paid from time to time to the credit thereof and the application thereof shall be as the Board may determine:

Provided that no part of the reserve fund shall be applied otherwise than for the purposes of the Board.

Investment of funds.