Malaysia legislation

Section 39

of Sago and Nipah Development Board Ordinance, 2022

Section 39

Investment

All moneys not immediately required to be expended in the meeting of any obligations or the discharge of any functions of the

Board may be invested in any bank or financial institution licensed under the Financial Services Act 2013 [Act 758] or Islamic Financial

Services Act 2013 [Act 759], or in such other investments or securities as may from time to time be approved by the Board.

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Section 39 — Sago and Nipah Development Board Ordinance, 2022