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Insolvency Act 1967 s 2M

Insolvency Act 1967 s 2M

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

s 2M Replacement of nominee before voluntary arrangement concludes

(1) The debtor may, at any time before the voluntary arrangement is concluded, replace the nominee with another nominee. (2) Where a nominee is replaced under this section, an interim order made under subsection 2D(1) shall continue to have effect and the validity period of the interim order referred to in subsection 2D(3) shall not be extended notwithstanding such replacement. (3) A nominee who replaces another nominee shall have all the powers of the previous nominee and shall continue to carry out the duties of the previous nominee and the previous nominee shall give such assistance as may be required.

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

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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