Malaysia legislation
Section 157
Section 157
(a)
if, before the period of the stabilisation coverage expired, the Corporation exercised any of its powers under section 25, section 161 or Part VII in respect of the member institution, the special provisions shall continue to apply to
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and in respect of the member institution as if the period of the stabilisation coverage has not expired; and
(b)
if, before the period of the stabilisation coverage expired, the Corporation is obligated or authorized to make a stabilisation coverage payment in respect of the member institution, the special provisions shall continue to apply to and in respect of the member institution as if the period of the stabilisation coverage has not expired.
(2)
Where a stabilisation coverage is provided by the Corporation to a prescribed person and the period of the stabilisation coverage has expired—
(a)
the prescribed person shall remain liable for all liabilities to the Corporation incurred during the period when the prescribed person was subject to the provisions applicable to a member institution by virtue of section 150;
(b)
sections 193 to 201 shall apply in respect of any act done by the prescribed person during the period when the prescribed person was subject to the provisions applicable to a member institution by virtue of section 150;
(c)
sections 202 and 203 shall apply as if the prescribed person was still subject to the provisions applicable to a member institution by virtue of section 150;
(d)
if, before the period of the stabilisation coverage expired, the Corporation exercised any of its powers under section 25, section 161 or Part VII in respect of the prescribed person, the special provisions shall continue to apply to and in respect of the prescribed person as if the period of the stabilisation coverage has not expired; and
(e)
if, before the period of the stabilisation coverage expired, the Corporation is obligated or authorized to make a stabilisation coverage payment in respect of the prescribed person, the special provisions shall continue to apply to and in respect of the prescribed person as if the period of the
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stabilisation coverage has not expired.