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In forceUpdated to 2 Jan 2025Read it in Bahasa Malaysia
Contents

Part XIV · Intervention and Remedial Action

195. Stay in respect of bridge institution

During the period of ninety days following the designation of a bridge institution—

(a)

no action, suit or proceeding in any court or tribunal, may be commenced or continued against the bridge institution or in respect of its assets;

(b)

no attachment, garnishment, execution or other method of enforcement of a judgement, award or order against the bridge institution or its assets may take place or continue;

and

(c)

no creditor of the bridge institution has any remedy against the bridge institution or its assets.

180

Report

Part XV

Other Powers of Bank

Part XVI

Enforcement and Penalties

Part XVII

General Provisions

Part XVIII

Repeal, Savings and Transitional

Schedules