Malaysia legislation
Section 12
Section 12
(a)
notice of the revocation shall be published in the Gazette; and
(b)
the bank shall as from the date of the notice cease to transact any banking business in the Federation except as may be approved by the Minister on the recommendation of the Central Bank for the purposes of winding up of its banking business.
(2)
The provisions of paragraph (b) of subsection (1) shall not prejudice the enforcement by any person of any right or claim against the bank or by the bank of any right or claim against any person.