Malaysia Deposit Insurance Corporation Act 2011 s 158
Malaysia Deposit Insurance Corporation Act 2011 s 158
s 158 Acquisition and disposal of assets by the Corporation
(1) Without prejudice to subsections 99(5), 115(6) and 180(5), the Corporation may acquire or dispose of any asset—
(a) pursuant to the statutory vesting provisions set out in the Third Schedule; or
(b) in accordance with general law.
(2) A vesting certificate or transfer certificate issued in accordance with the Third Schedule shall have the effect set out in the Third Schedule and shall be binding on any person thereby affected.
Malay text (authoritative)
Pemerolehan dan pelupusan aset oleh Perbadanan
(1) Tanpa menjejaskan subseksyen 99(5), 115(6) dan 180(5), Perbadanan boleh memperoleh atau melupuskan mana-mana aset—
(a) menurut peruntukan peletakhakan statutori yang dinyatakan dalam Jadual Ketiga; atau
(b) mengikut undang-undang am.
(2) Suatu perakuan peletakhakan atau perakuan pindah milik yang dikeluarkan mengikut Jadual Ketiga hendaklah mempunyai kesan yang dinyatakan dalam Jadual Ketiga dan hendaklah mengikat mana-mana orang yang terjejas dengannya.
Text as at 21 July 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).