Malaysia legislation

Section 125

of LANGKAWI INTERNATIONAL YACHTING COMPANIES ACT 2005

Section 125

A Langkawi company incorporated under this Act shall continue to be liable for all fees, including annual fees and penalties payable under this Act, including the additional amount as specified in subsection 124(2), notwithstanding that the name of the Langkawi company has been struck off the register; and such fees, including the annual fees and penalties, shall have priority over all other claims against the assets of the Langkawi company.

104

Act 643