Malaysia legislation

Section 2

of PAWNBROKERS ACT 1972

Section 2

Interpretation

“appointed date” means the date appointed by the Minister under section 1;

“Consolidated Revenue Account” means the Federal Consolidated

Revenue Account maintained pursuant to paragraph 7(a) of the

Financial Procedure Act 1957 [Act 61];

“Consolidated Trust Account” means the Federal Consolidated

Trust Account maintained pursuant to paragraph 7(c) of the Financial

Procedure Act 1957;

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“Inspector” means the Inspector of Pawnbrokers appointed under subsection 3A(1);

“licence” means a licence granted under section 9;

“licensed auctioneer” means any person duly licensed to conduct sales under any law relating to sales by public auction;

“licensee” means any pawnbroker to whom a licence has been granted under section 9;

“pawnbroker” means a person who carries on pawnbroking business;

“pawnbroker’s book” means the book referred to in section 14;

“pawnbroking business” includes the business of taking articles in pawn;

“pawner” means a person delivering an article for pawn to a pawnbroker;

“pledge” means any tangible personal property, other than choses-in-action, titles, securities or documents evidencing indebtedness, which is deposited or delivered into the possession of a pawnbroker;

“police officer” means a senior police officer as defined in the

Police Act 1967 [Act 344];

“premises” means the place where a person carries on business as a pawnbroker;

“Registrar” means the Registrar of Pawnbrokers appointed under subsection 3A(1).

Section 2 — PAWNBROKERS ACT 1972 | mylaw.my