For the purposes of this Division—
“security” includes a mortgage or charge, whether legal or equitable, debenture, bill of exchange, promissory note, guarantee, lien or pledge, whether actual or constructive, hypothecation, indemnity, undertaking or other means of securing payment or discharge of a debt or liability, whether present or future, or whether vested or contingent;
“transferee” means a person, including a licensed person, to which the whole or any part of the licensed business of a transferor is transferred under a business transfer scheme;
“transferor” means a licensed person which transfers the whole or any part of its licensed business under a business transfer scheme.
Malay text (authoritative)
Tafsiran
Bagi maksud Penggal ini— “cagaran” termasuklah suatu gadai janji atau gadaian, sama ada di sisi undang-undang atau ekuiti, debentur, bil pertukaran, nota janji hutang, jaminan, lien atau sandaran, sama ada sebenar atau konstruktif, hipotekasi, tanggung rugi, aku janji atau cara lain menjaminkan pembayaran atau penunaian hutang atau liabiliti, sama ada masa sekarang atau masa hadapan, atau sama ada terletak hak atau kontingen; “penerima pindahan” ertinya seseorang, termasuk orang berlesen, yang keseluruhan atau mana-mana bahagian perniagaan berlesen seorang pemindah dipindahkan di bawah suatu skim pemindahan perniagaan;
“pemindah” ertinya orang berlesen yang memindahkan keseluruhan atau mana-mana bahagian perniagaan berlesennya di bawah skim pemindahan perniagaan.
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).
