Malaysia legislation
Section 128A
Section 128A
For the purposes of this Chapter—
(a)
“transferor” means a holder of the shares, whose shares are transferred or are to be transferred under paragraph 99(1)(ga);
Malaysia Deposit Insurance Corporation 137
(b)
“transferee” means a person to whom a transferor’s shares are transferred or are to be transferred under paragraph 99(1)(ga);
(c)
“transfer order” means an order in respect of a transfer of shares referred to in paragraph 99(1)(ga) and includes a replacement transfer order referred to in section 128D;
(d)
“shares” includes capital instruments, warrants and rights under any other instruments issued by a member institution that entitle the holders thereof to acquire shares in the member institution;
(e)
“transfer date” means the date stated on a transfer order as the date on which any shares are transferred or are deemed to be transferred to the transferee.
Compulsory transfer of shares