s 19 Consequences of revocation of certificate of incorporation
(1) Upon an order being made under subsection 17(1) or 18(3)— (a) the body corporate is dissolved; (b) any assets or liabilities of the body or association of persons vested in the body corporate shall vest in such trustee as may be appointed by the body or association of persons, or if the trustee are the same trustee or trustees who had been incorporated as the body corporate before its dissolution, in such trustee, in trust for such body or association; and (c) any legal proceeding that might have been continued or instituted by or against the body corporate with respect to any asset or liability vested in the body corporate may be continued or instituted by or against the trustee in whom the asset or liability is vested subsequent to the dissolution. (2) Notwithstanding subsection (1), in the absence of such trustee as are referred to in subsection (1) any property vested in such body corporate shall vest in the Amanah Raya Berhad, a body corporate established under the Public Trust Corporation Act 1995 [Act 532], in trust for the body or association of persons by whom the trustee who had been incorporated as the body corporate before its dissolution was appointed, until the appointment by the body or association of persons of a new trustee; and upon such Pappointment the property shall be transferred to and vest in such trustee.