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← Insolvency Act 1967

Insolvency Act 1967 s 101

Insolvency Act 1967 s 101

Some sections could not be extracted from the official PDF, so this text may be incomplete.

s 101 Actions by Director General of Insolvency and bankrupt’s partners

(1) Where a member of a partnership is adjudged bankrupt, the court may authorize the Director General of Insolvency to commence and prosecute any action or other legal proceeding in the names of the Director General of Insolvency and of the bankrupt’s partners. (2) Any release by such partner of the debt or demand to which the action or proceeding relates shall be void; but notice of the application for authority to commence the action or proceeding shall be given to him and he may show cause against it, and on his application the court may, if it thinks fit, direct that he shall receive his proper share of the proceeds of the action or proceeding, and if he does not claim any benefit therefrom he shall be indemnified against costs in respect thereof as the court directs.

Malay text (authoritative)

Pengakusaksian

Read this section in the full act → · Open Part V →

Find Act 360 on lom.agc.gov.my ↗

Text as at 6 October 2023 (LOM reprint); amendments made after that date may not be incorporated.

Source: Laws of Malaysia, Attorney General's Chambers of Malaysia (lom.agc.gov.my). Not a copy of the Gazette printed by the Government Printer (Interpretation Acts 1948 and 1967, s 61).

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