69. Transfer of stock, securities, etc., of mentally disordered person

Where any stock or Government securities or any share or debenture in a public company, transferable within Malaysia or the

52 Laws of Malaysia ACT 615

dividends of which are payable in Malaysia, are standing in the name of, or are vested in, a mentally disordered person beneficially entitled to the stock, securities, shares or debentures, or a committee of the estate of the mentally disordered person, or a trustee for him, and the committee or trustee dies intestate or himself becomes mentally disordered or is out of the jurisdiction of the Court, or it is uncertain whether the committee or trustee is living or dead or he neglects or refuses to transfer the stock, securities, shares or debentures or to receive and pay the dividends to a new committee or trustee, or as he directs, within fourteen days after being required by him to do so, the

Court may order some fit and proper person to make the transfer or to transfer the stock, securities, shares or debentures and to receive and pay over the dividends in such manner as the Court may direct, and the transfer or payment shall be valid and effectual for all purposes.