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← Malaysia Deposit Insurance Corporation Act 2011

Malaysia Deposit Insurance Corporation Act 2011 s 66

Malaysia Deposit Insurance Corporation Act 2011 s 66

s 66 Assignment

Where the Corporation deems it advisable, the Corporation may withhold payment in respect of any deposit with a deposit-taking member until it has received an assignment in writing of all the rights and interests of the depositor in relation to the deposit.

Malay text (authoritative)

Penyerahhakan

Jika Perbadanan menyifatkannya sebagai wajar, Perbadanan boleh menahan bayaran berkenaan dengan mana-mana deposit dengan anggota penerima deposit sehingga ia menerima suatu penyerahhakan secara bertulis mengenai semua hak dan kepentingan pendeposit berhubung dengan deposit itu.

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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