Section 23
of Sago and Nipah Development Board Ordinance, 2022
State OrdinanceIn forceProvision 23 of 41
Section 23
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(1)
All money received, raised, collected or earned by the
Board shall forthwith be paid into such banks or other financial institutions as may from time to time be decided by the Board to the credit of a fund to be called the Sago and Nipah Development Fund
(referred to in this Ordinance as “the Fund”) which shall be controlled and administered by the Board, subject to the directions of the Majlis
Mesyuarat Kerajaan Negeri.
(2)
The Board shall open and maintain an account or accounts with such bank or other financial institutions in Malaysia as the Board thinks fit, and any such account shall be operated by such person or persons as may from time to time be authorized in that behalf by the
Board.