Malaysia Deposit Insurance Corporation Act 2011 s 59
s 59 Date of computing liability
(1) The date for computing the amount of an obligatory payment by the Corporation shall be the date of the filing of the petition for winding up.
(2) The date for computing the amount of a discretionary payment under section 57 shall be the date when any of the events referred to in section 57 first occurs.
Malay text (authoritative)
Tarikh mengira liabiliti
(1) Tarikh bagi mengira amaun bayaran wajib oleh Perbadanan hendaklah pada tarikh pemfailan petisyen penggulungan.
(2) Tarikh bagi mengira amaun bayaran budi bicara di bawah seksyen 57 hendaklah pada tarikh mana-mana kejadian yang disebut dalam seksyen 57 itu pertama kali berlaku.
Read this section in the full act β Β· Open Chapter 3 β
Find Act 720 on lom.agc.gov.my β
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).