My bookmarksSign up free
← Financial Services Act 2013

Financial Services Act 2013 s 202

Financial Services Act 2013 s 202

s 202 Waiver of strict proof of debt

Where it appears to the liquidator that by reason of the inadequacy of its documents, or any other circumstances, hardship would be caused if he requires strict proof of debt, he may act on such evidence as he thinks fit and payment of a debt made by the liquidator in good faith to any person as being the person entitled to it shall discharge the liquidator from all liabilities in respect of that debt.

Malay text (authoritative)

Penepian beban bukti ketat mengenai hutang

Jika didapati oleh pelikuidasi itu bahawa oleh sebab dokumennya yang tidak mencukupi, atau apa-apa hal keadaan yang lain, kesulitan akan timbul jika dia menghendaki beban bukti yang ketat mengenai hutang, dia boleh bertindak atas keterangan yang difikirkannya patut dan pembayaran hutang yang dibuat secara suci hati oleh pelikuidasi kepada mana-mana orang yang berhak atas tuntutan itu hendaklah melepaskan pelikuidasi itu daripada semua liabiliti berkenaan dengan hutang itu.

Read this section in the full act β†’ Β· Open Division 3 β†’

Find Act 758 on lom.agc.gov.my β†—

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).

What to look at next