Malaysia legislation
Section 34
of Act 125
Section 34
Where the Central Bank has assumed control of the business of a licensed borrowing company pursuant to section 33, the Central Bank shall remain in control of and continue to carry on the business of the licensed borrowing company in the name and on behalf of the licensed borrowing company until such time as—
(a)
the deposit liabilities of the licensed borrowing company have been repaid or the Central Bank is satisfied that suitable provision has been made for their repayment; or
(b)
in the opinion of the Central Bank it is no longer necessary or expedient for the Central Bank to remain in control of the business of the licensed borrowing company.