Malaysia legislation

Section 11

of *UNCLAIMED MONEYS ACT 1965

Section 11

Disposal of unclaimed moneys

(2)

Any unclaimed moneys credited to the Consolidated Trust

Account (to the extent to which they have not been paid out of the

Consolidated Trust Account under this Part) shall, on the lapse of ten years from the date the moneys were credited to the Consolidated Trust

Account, be transferred to the Consolidated Revenue Account.

(3)

No interest shall be payable on all moneys held in the

Consolidated Trust Account or in the Consolidated Revenue Account under this Part.

Registrar may inspect register, etc., to ascertain whether company or firm is complying with this Part