Malaysia legislation

Section 130

of BANKING AND FINANCIAL INSTITUTIONS ACT 1989

Section 130

Where in any written law, any reference is made to—

(a)

any of the repealed Acts, it shall be construed as a reference to this Act;

(b)

any specific provision of any of the repealed Acts, it shall be construed as a reference to a provision of this Act which corresponds as nearly as may be to such specific provision;

(c)

a bank licensed under the Banking Act 1973, it shall be construed as a reference to a licensed bank or a licensed merchant bank, according as to whether it is carrying on banking business or merchant banking business; or

(d)

a finance company licensed under the Finance Companies Act 1969, it shall be construed as a reference to a licensed finance company.