Malaysia legislation

Section 168

of *MALAYSIA DEPOSIT INSURANCE CORPORATION ACT 2011

Section 168

(2)

The conservator shall manage the assets, business and affairs of the affected person—

(a)

at any time prior to the approval of the proposal by the secured creditors of the affected person under section 185, in accordance with any direction given by the Corporation;

and

(b)

at any time after the approval of the proposal by the secured creditors of the affected person under section 185, in accordance with that proposal as it may be modified in accordance with section 187.

Conservator as affected person’s agent

Section 168 — MALAYSIA DEPOSIT INSURANCE CORPORATION ACT 2011