Malaysia legislation
Section 45
Section 45
(1)
Subject to subsection (3), a licence or permit issued under this Part shall be personal to the licensee or permit holder and shall not be transferred or assigned.
(2)
A licensee or permit holder who contravenes subsection (1)
commits an offence and shall, on conviction, be liable to a fine not exceeding one million ringgit or to imprisonment for a term not exceeding three years or to both.
(3)
Notwithstanding paragraph 43(1)(c), the Commission may, in the event of the liquidation of a licensee or a permit holder, where a
Malaysian Aviation Commission 43
receiver or manager is appointed in relation to the business of such licensee or permit holder, or where for any reason the Commission is satisfied that it would be unjust not to do so, authorize the transfer of such licence or permit.
Power to set charges