Bank Simpanan Nasional Act 1974 · Updated to 1 Dec 2011 · Part VII · General
35. Attachment of deposits
Official textFrom Laws of Malaysia Online, unchanged
Except as provided under subsection (2), no deposit in the Bank, and no interest on any such deposit, shall be attached, sequestered or levied upon for or in respect of any debt or claim whatsoever.
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established under section 3; ______________________________________________________________ *NOTE—This Act will be repealed by Bank Simpanan Nasional Berhad Act 1997 when…
Upon notice of a claim under a judgment of any court, it shall be lawful for the Chief Executive in his discretion to retain in the account a sum sufficient to answer the claim and to pay into the court on its order the amount of that claim or part thereof; but a court shall only make an order under this section if it is satisfied that the judgment-debtor has an account with the Bank for his own sole benefit.
Chief Executive
“Chief Executive” means the Chief Executive appointed under section 9 and includes any person appointed to act as the Chief Executive;
Terms defined in s 2
Bank
Defined · s 2“Bank” means the Bank Simpanan Nasional established under section 3; ______________________________________________________________ *NOTE—This Act will be repealed by Bank Simpanan Nasional Berhad Act 1997 when…
Chief Executive
Defined · s 2“Chief Executive” means the Chief Executive appointed under section 9 and includes any person appointed to act as the Chief Executive;
interest
Defined · s 2“interest” includes bonus and such other pecuniary benefits (by whatever name called) payable on deposits and other accounts with the Bank;
Part VIII