Malaysia legislation
Section 6
of MALAYSIA DEPOSIT INSURANCE CORPORATION (AMENDMENT) ACT 2022
Section 6
Amendment of section 13
Section 13 of the principal Act is amended by inserting after subsection (2) the following subsection:
“(3) An alternate director assigned in subsection 11(2b)
by a director referred to in paragraph 11(2)(b) or (c)
(referred to in this subsection as “principal director”) shall, unless the assignment is sooner revoked in writing or the position is no longer in existence, cease to be an alternate director when the principal director ceases to be a member of the Board.”.