Section 27
Power to borrow
of Sarawak Forestry Corporation Ordinance, 1995
State OrdinanceIn forceProvision 27 of 35
Section 27
—
(1)
The Corporation may, from time to time for the purposes of this Ordinance, raise loans from the Government or with the consent of the Majlis Mesyuarat Kerajaan Negeri, from any other source.
(2)
The Corporation shall not provide guarantee or security to secure the debt or liabilities of any person or party without the prior approval of the Majlis Mesyuarat Kerajaan Negeri.