Malaysia legislation

Section 9

of TEACHERS' SUPERANNUATION FUND (SABAH) (DISSOLUTION) ACT 1998

Section 9

Payment of lump sum amount

(2)

The lump sum amount to be paid under subsection (1) shall be paid out of the moneys referred to in section 6 and, if such moneys are insufficient for such purpose, the property and assets referred to in section 5.

(3)

For the purposes of this section, “actuary” means the actuary appointed under the Ordinance by the Board for the purpose of determining the amount to be paid under this Act.

Payment without probate or letters of administration