Malaysia legislation

Section 136

of *MALAYSIA DEPOSIT INSURANCE CORPORATION ACT 2011

Section 136

Where a petition for the winding up of an insurer member is presented by a person other than the Corporation, the Corporation shall be a party to the winding up proceedings and—

(a)

that person shall deliver a copy of the petition to the

Corporation at the same time as it is presented;

(b)

the Corporation shall be entitled to appear and be heard in all proceedings relating to the petition and to call, examine and cross-examine any witness; and

(c)

the Corporation, if it considers fit, may support or oppose the petition.

Notice of winding up proceedings by persons other than

Corporation