Malaysia legislation
Section 3
Section 3
Certain kootu funds to be lawful and enforceable
(a)
which has been wound up in accordance with paragraph 8(2)(b) of the Kootu Funds (Prohibition) Act 1971; or
6
(b)
which has been wound up in accordance with the provi-sions of the Companies Act 1965, shall, notwithstanding any law to the contrary, be lawful and enforceable.
(2)
The reference in this section to the winding up of a company includes, in the case of a foreign company, a reference to the winding up of the affairs of the foreign company so far as the assets of the foreign company within Malaysia are concerned.
Power of the liquidator