Malaysia legislation
Section 9
of *BANK KERJASAMA RAKYAT MALAYSIA BERHAD (SPECIAL PROVISIONS) ACT 1978
Section 9
Submission of particulars by previous directors
(a)
the assets of the Bank;
(b)
the debts and liabilities of the Bank;
(c)
the debts and liabilities owing to the Bank;
(d)
the creditors and debtors of the Bank.
(2)
Any previous director who, without reasonable excuse—
(a)
fails, within the time allowed by the Board, to submit to the Board a statement as required by the Board under subsection (1) and signed by him; or
Bank Kerjasama Rakyat Malaysia Berhad (Special Provision) 13
(b)
in submitting a statement, fails to set out the particulars in the manner specified by the Board or omits certain particulars required by the Board; or
(c)
submits a statement containing any incorrect or untrue particulars, shall be guilty of an offence and shall, on conviction, be liable to a fine not exceeding two thousand ringgit or to imprisonment for a term not exceeding twelve months or to both.
Power of the Bank to institute proceedings for damages and recovery of property