Banking and Financial Institutions Act 1989 · As enacted · Part XV · General Provisions
Section 125
Official textFrom Laws of Malaysia Online, unchanged
Except as otherwise provided in this Act, or in pursuance of any provision of this Act, no contract, agreement or arrangement, entered into in contravention of any provision of this Act shall be void solely by reason of such contravention:
agreement
"agreement" means an agreement whether formal or informal, oral or written, express or implied;
Provided that nothing contained in this section shall affect any criminal liability of any person for an offence under this Act in respect of such contravention.
person
"person" includes an individual, any corporation, statutory body, local authority, society, trade union, co-operative society, partnership and any other body, organization, association or group of persons, whether corporate or unincorporate;
Terms defined in s 2
agreement
Defined · s 2"agreement" means an agreement whether formal or informal, oral or written, express or implied;
arrangement
Defined · s 2"arrangement" means an arrangement whether formal or informal, oral or written, express or implied;
person
Defined · s 2"person" includes an individual, any corporation, statutory body, local authority, society, trade union, co-operative society, partnership and any other body, organization, association or group of persons, whether corporate or unincorporate;