Malaysia legislation

Section 25

of CO-OPERATIVE SOCIETIES ACT 1993

Section 25

(2)

Any deposit made by or for the benefit of the minor may, together with the bonus, be paid to the minor or to the guardian of that minor for the use of that minor.

(3)

The receipt of any minor or guardian for money paid to him by a registered society under this section shall be a sufficient discharge of the liability of the registered society in respect of that money.