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Section 22: Transfer of property and borrowing

Fashion And Design Institute Act · PART IV: FINANCIAL PROVISIONS AND ACCOUNTS

consolidated text (as at 2012, amended since). juris shows the text as it was consolidated; it does not confirm that this is the law in force today.

22. Transfer of property and borrowing The Institute shall not, except with the approval of the Permanent Secretary— (a) sell or exchange any property or make any donation; or (b) borrow any money, and any borrowing shall be for the purposes of this Act.

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