474 - LAND DEVELOPMENT ACT 1956 — Malaysia law | Esheria

474 - LAND DEVELOPMENT ACT 1956

This Act sets up the Federal Land Development Authority and local boards, gives them land-development powers, and requires them to keep accounts and submit reports.

Jurisdiction
Malaysia
Instrument
Act or statute
Version
Undated source snapshot
Language
en
Official source
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accounts and audit authority powers boards and corporations borrowing corporate seals fund management loan administration property acquisition security enforcement state exemptions

Statute overview

About this statute

This Act sets up the Federal Land Development Authority and local boards, gives them land-development powers, and requires them to keep accounts and submit reports. Boards and corporations get corporate status and seal rules, while the Authority or a board has broad loan, property, and enforcement powers. Loan recipients must cooperate with enquiries, and misuse or false obtaining of loans can lead to fines.

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