Malaysia legislation

Section 128A

of *MALAYSIA DEPOSIT INSURANCE CORPORATION ACT 2011

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);

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(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

Section 128A — MALAYSIA DEPOSIT INSURANCE CORPORATION ACT 2011