Malaysia legislation
Section 30
Section 30
Section 115 of the principal Act is amended—
(a)
by substituting for the shoulder note the following shoulder note:
“Costs of negotiation of mortgagor”;
(b)
in subsection (1)—
(i)
by inserting after the words “If a mortgage is made to an advocate and solicitor” the words
“or a limited liability law partnership”;
(ii)
by substituting for the words “he, or the firm of which he is a member” the words “the advocate and solicitor, the firm of which the advocate and solicitor is a member or the limited liability law partnership under which the advocate and solicitor is practising”;
(iii)
by substituting for the words “all business transacted and acts done by him or them” the words “all business transacted and acts done by the advocate and solicitor, the firm or the limited liability law partnership”;
(iv)
by substituting for the words “such usual costs as he or they” the words “such usual costs as the advocate and solicitor, the firm or the limited liability law partnership”; and
(v)
by substituting for the words “and the mortgagor had retained and employed him or them” the words
“or an entity which is not a limited liability law partnership and the mortgagor had retained and employed the advocate and solicitor, the firm or the limited liability law partnership”; and
Legal Profession (Amendment)
(c)
in subsection (2)—
(i)
by substituting for the words “an advocate and solicitor either alone or jointly” the words “an advocate and solicitor or a limited liability law partnership, either alone or jointly”;
(ii)
by substituting for the words “that advocate and solicitor, or by the firm of which he is a member,”
the words “that advocate and solicitor, the firm of which the advocate and solicitor is a member or the limited liability law partnership under which the advocate and solicitor is practising”;
(iii)
by substituting for the words “then he or they”
the words “then the advocate and solicitor, the firm or the limited liability law partnership”;
(iv)
by substituting for the words “such usual costs as he or they” the words “such usual costs as the advocate and solicitor, the firm or the limited liability law partnership”;
(v)
by inserting after the words “a person who was not an advocate and solicitor” the words “or an entity which is not a limited liability law partnership”; and
(vi)
by substituting for the words “and that mortgagor has retained and employed him” the words “and that mortgagor has retained and employed the advocate and solicitor or the limited liability law partnership”.
Amendment of section 116