Malaysia Deposit Insurance Corporation Act 2011 s 50
s 50 No set-off in respect of deposit-taking members
Unless the Corporation otherwise agrees in any particular case, no premium payment or premium surcharge payment owing to the Corporation by a deposit-taking member shall be discharged, reduced or otherwise adjusted by reason of any claim that the deposit-taking member may have against the Corporation.
Malay text (authoritative)
Tiada tolakan berkenaan dengan anggota penerima deposit
Melainkan jika Perbadanan bersetuju selainnya dalam mana-mana hal tertentu, tiada pembayaran premium atau surcaj premium yang terhutang kepada Perbadanan oleh anggota penerima deposit boleh dilepaskan, dikurangkan atau selainnya diselaraskan oleh sebab apa-apa tuntutan yang anggota penerima deposit itu ada terhadap Perbadanan.
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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).