Malaysia legislation
Section 17
Section 17
Where an order of the High Court under subsection 16(2) vests any alienated land or any share or interest in any alienated land in another person—
(a)
the High Court shall, where such alienated land is in
Peninsular Malaysia, pursuant to subsection 420(2) of the
*National Land Code [Act 56 of 1965], cause a copy of the order to be served on the Registrar of Titles or the Land
Administrator, as the case may be, immediately after the making of the order so that the Registrar of Titles or the
*The National Land Code [Act 56 of 1965] has been revised as the National Land Code [Act 828] which comes into operation on 15 October 2020.
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Land Administrator, as the case may be, gives effect to the provisions of subsections 420(2), (3) and (4) of the Code;
(b)
where such alienated land is in Sabah, the transferee shall, as soon as practicable after the order has been made, present an authenticated copy of such order to the Registrar for the registration of the vesting of the alienated land or of the share or interest in alienated land as provided under the
Land Ordinance of Sabah [Sabah Cap. 68];
(c)
where such alienated land is in Sarawak, the transferee shall, as soon as practicable after the order has been made, produce an authenticated copy of such order to the Registrar for the registration of the vesting of the alienated land or of the share or interest in alienated land as provided under section 171 of the Land Code of Sarawak
[Sarawak Cap. 81]; or
(d)
where such alienated land is in the Federal Territory of
Labuan, the transferee shall, as soon as practicable after the order has been made, produce an authenticated copy of such order to the Registrar for the registration of the vesting of the alienated land or of the share or interest in alienated land as provided under subsection 114(2) of the Land
Ordinance of Sabah as modified by the Federal Territory of
Labuan (Modification of Land Ordinance) Order 1984
[P.U. (A) 291/1984].
Own shares or shares of holding company as collateral