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← Pengurusan Danaharta Nasional Berhad Act 1998

Pengurusan Danaharta Nasional Berhad Act 1998 s 42

Pengurusan Danaharta Nasional Berhad Act 1998 s 42

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

s 42 Undue preference

(1) On the appointment of the Special Administrator, any transfer, mortgage, execution, attachment, obligation, settlement, charge, assignment, delivery of goods, payment or other act relating to any asset made, incurred or done by or against the affected person which, had it been done by or against an individual, would in his bankruptcy under the law of bankruptcy be void, voidable or recoverable, may be avoided or recovered by the Special Administrator. (2) For the purposes of this section, where reference is made in the law of bankruptcy to a date for the purpose of determining the effect of bankruptcy on transactions specified therein, that date shall be the date of the appointment of the Special Administrator.

Malay text (authoritative)

Keutamaan tidak wajar

(1) Dengan pelantikan Pentadbir Khas, apa-apa pemindahan, gadai janji pelaksanaan, penahanan, kewajipan, penyelesaian, gadaian, penyerahhakan, penghantaran barang, bayaran atau tindakan lain yang berhubungan dengan apa-apa aset yang dibuat, ditanggung atau dilakukan oleh atau terhadap orang terjejas yang, sekiranya pemindahan, gadai janji, penghantaran barang, bayaran atau tindakan itu dilakukan oleh atau terhadap orang perseorangan, akan menjadi batal, boleh batal atau boleh didapatkan kembali jika dilakukan semasa dia dalam keadaan bankrap di bawah undang-undang kebankrapan, boleh dielakkan atau didapatkan kembali oleh Pentadbir Khas. (2) Bagi maksud seksyen ini, jika rujukan dibuat dalam undang-undang kebankrapan tentang suatu tarikh bagi maksud menentukan kesan kebankrapan ke atas transaksi-transaksi yang dinyatakan dalam undang-undang itu, tarikh itu hendaklah tarikh pelantikan Pentadbir Khas.

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

Find Act 587 on lom.agc.gov.my ↗

Text as at 1 January 2006 (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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