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← Malaysia Deposit Insurance Corporation Act 2011

Malaysia Deposit Insurance Corporation Act 2011 s 98

Malaysia Deposit Insurance Corporation Act 2011 s 98

s 98 Notification of non-viability

(1) Bank Negara Malaysia may notify the Corporation in writing where Bank Negara Malaysia is of the opinion that a member institution has ceased to be viable or is likely to cease to be viable. (2) A notification under subsection (1) shall be final and binding.

Malay text (authoritative)

Pemberitahuan mengenai tidak berdaya maju

(1) Bank Negara Malaysia boleh memberitahu Perbadanan secara bertulis jika Bank Negara Malaysia berpendapat bahawa suatu institusi anggota telah terhenti menjadi berdaya maju atau berkemungkinan terhenti menjadi berdaya maju. (2) Pemberitahuan di bawah subseksyen (1) adalah muktamad dan mengikat.

Read this section in the full act β†’ Β· Open Chapter 1 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).

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