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bruneilawsby aturio
In force2022 Revised Edition
Contents

Part 4

104. Change of investments and borrowing powers

(1)

The Majlis shall not, without the approval in writing of His

Majesty the Sultan and Yang Di-Pertuan, sell, transfer or dispose of, or charge, mortgage or encumber, any immovable property vested in it for the purposes of this Act, whether or not forming part of the General Endowment

Fund:

Provided that it shall be lawful for any such immovable property to be compulsorily acquired or reserved by Government for a public purpose in manner provided by any written law.

(2)

Save as provided in subsection (2), any investments, assets and funds vested in the Majlis may be sold, realised or disposed of, and they and the proceeds thereof may be invested from time to time in any investments authorised by any written law for the time being in force for the investment of trust funds, or in or upon title to any immovable property situate within

Brunei Darussalam.

Religious Council and Kadis Courts

(3)

The Majlis shall have power to lease any immovable property vested in it upon such terms as seem proper and are not inconsistent with any trusts affecting the same.

(4)

The Majlis shall have power to borrow monies whether without security or upon the security of any of the assets of the General Endowment

Fund in such manner and to such extent as His Majesty the Sultan and Yang

Di-Pertuan may in writing authorise. Any monies so borrowed shall form part of the General Endowment Fund.

Report

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Mosques

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Part 6

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Part 7

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Part

Converts

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Part

Renunciation of Islamic Religion

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Part

Offences

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Part

General

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Schedules