Malaysia legislation

Section 5

of *UNCLAIMED MONEYS ACT 1965

Section 5

(a)

until the day on which (according to satisfactory evidence filed in the court) such person became of age or such other disability was determined or such event happened (as the case may be); or

(b)

until the day on which (according to satisfactory evidence filed in the court) such person died, whichever day was the earlier.

Interpretation of “money paid into court” to include securities, interest, dividends, etc.

(2)

For the purposes of this Part “money paid into court” means money or any security paid into court or paid into any bank (whether in the name or to the credit of the Registrar or any person appointed by the Minister under subsection 4A(2)) or paid into any Bank Simpanan

Nasional to be subject to the order or disposition of the court, and from the time of such payment includes any security or money into which such first-mentioned money or security or any part thereof is or has been converted and all interest and every dividend or other profit

Unclaimed Moneys 9

accrued or accruing from any such money or security up to the time of payment into the Consolidated Revenue Account, and for the purpose of such payment into the Consolidated Revenue Account includes the proceeds of the sale or conversion into money of any such security under section 6.

Power of Registrar or person appointed to sell securities and power of Judge of High Court to make vesting orders