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← Malaysia Deposit Insurance Corporation Act 2011

Malaysia Deposit Insurance Corporation Act 2011 s 65

Malaysia Deposit Insurance Corporation Act 2011 s 65

s 65 Subrogation

Where the Corporation makes a payment under this Chapter in respect of any deposit, the Corporation is subrogated, to the extent of the amount of the payment made, to all the rights and interests of the depositor in relation to the deposit and may maintain an action in respect of those rights and interests in the name of the depositor or in the name of the Corporation.

Malay text (authoritative)

Subrogasi

Jika Perbadanan membuat suatu bayaran di bawah Bab ini berkenaan dengan mana-mana deposit, Perbadanan adalah disubrogasi, setakat amaun bayaran yang dibuat, terhadap semua hak dan kepentingan pendeposit berhubung dengan deposit itu dan boleh mengambil suatu tindakan berkenaan dengan hak dan kepentingan itu atas nama pendeposit atau atas nama Perbadanan.

Read this section in the full act → · Open Chapter 3 →

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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