Malaysia legislation
Section 212
Section 212
Corporation Act 2005 under section 210—
On a date appointed by the Minister on the recommendation of the Corporation and Bank Negara Malaysia, the moneys and any other assets standing to the credit of the general and life insurance guarantee scheme funds established under section 173 of the Insurance Act 1996
shall be transferred by Bank Negara Malaysia to the Corporation and credited correspondingly by the Corporation to the general insurance protection fund and the life insurance protection fund.
*NOTE—see section 96 of the Malaysia Deposit Insurance Corporation (Amendment) Act 2016
[Act A1505] w.e.f 8 March 2016 which provides the following savings provision:
**NOTE—see section 56 of the Malaysia Deposit Insurance Corporation (Amendment) Act 2022
[Act A1647] w.e.f 22 February 2022 which provides the following savings provision:
210
Savings provision