Malaysia legislation
Section 9
of MALAYSIA DEPOSIT INSURANCE CORPORATION (AMENDMENT) ACT 2022
Section 9
Amendment of section 28
Section 28 of the principal Act is amended by inserting after subsection (2) the following subsection:
“(3) The Corporation is empowered to transfer monies or assets from any of the funds to another fund, as may be necessary for or in connection with, or reasonably incidental to, the furtherance of its objects, the performance of its functions or the discharge of its duties, and subject to such conditions as the Corporation may specify.”.
Malaysia Deposit Insurance Corporation (Amendment)
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