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← Malaysia Deposit Insurance Corporation Act 2011

Malaysia Deposit Insurance Corporation Act 2011 s 191

Malaysia Deposit Insurance Corporation Act 2011 s 191

s 191 Validity of transaction

Any payment made, transaction entered into or any other act or thing done in good faith by, or with the consent of the conservator, is valid and effective for the purposes of this Act and shall not be void, voidable or be considered as an undue preference in the winding up of the affected person.

Malay text (authoritative)

Kesahan transaksi

Apa-apa bayaran yang dibuat, transaksi yang dibuat atau apa-apa perbuatan atau benda lain yang dilakukan dengan suci hati oleh, atau dengan persetujuan konservator, adalah sah dan mempunyai kuat kuasa bagi maksud Akta ini dan tidaklah terbatal, boleh batal atau dianggap sebagai suatu keutamaan tidak wajar dalam penggulungan orang terjejas.

Read this section in the full act → · Open Chapter 2 →

Find Act 720 on lom.agc.gov.my ↗

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).

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