Bank Simpanan Nasional Act 1974 · Updated to 1 Dec 2011 · Part V · Provisions Relating to the Carrying on of Business of the Bank
Bank Simpanan Nasional Act 1974 · Updated to 1 Dec 2011 · Part V · Provisions Relating to the Carrying on of Business of the Bank
Official textFrom Laws of Malaysia Online, unchanged
The repayment of all moneys deposited in the Bank together with interest thereon is guaranteed by the Government and accordingly, in the event that the assets of the Bank shall be insufficient to pay the lawful claims of every depositor, such deficiency shall be charged on and paid out of the
Bank
“Bank” means the Bank Simpanan Nasional established under section 3; ______________________________________________________________ *NOTE—This Act will be repealed by Bank Simpanan Nasional Berhad Act 1997 when…
Consolidated Fund and the Minister shall certify such deficiency to the
Dewan Rakyat at the earliest possible opportunity.
Bank
“Bank” means the Bank Simpanan Nasional established under section 3; ______________________________________________________________ *NOTE—This Act will be repealed by Bank Simpanan Nasional Berhad Act 1997 when…
interest
“interest” includes bonus and such other pecuniary benefits (by whatever name called) payable on deposits and other accounts with the Bank;
Part VI
Part VII
Part VIII