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← Insolvency Act 1967

Insolvency Act 1967 s 29

Insolvency Act 1967 s 29

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

s 29 Release of debtor on security

(1) When a debtor is arrested under section 28 he may be released by order of the court, either with or without giving security to the satisfaction of the court that he will not leave Malaysia without the previous permission in writing of the Director General of Insolvency or of the court, or that he will not remove any of his goods or conceal or destroy any of his goods or any books, documents or writings which might be of use to his creditors in the course of his bankruptcy. Proceeds of security to fall into the estate of the debtor (2) The proceeds of the realization of any security given under this section on breach by the debtor of any of the conditions of such security shall be deemed to be the property of the debtor, and when he is adjudged bankrupt shall vest in the Director General of Insolvency.

Malay text (authoritative)

Jaminan pertubuhan gerenti

Read this section in the full act →

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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