Malaysia legislation
Section 57
Section 57
Appointment under section 54
(2)
The appointment of a director under subparagraph 54(2)(d)(ii)
shall not affect any provision of the constituent documents enabling the prescribed institution to have further directors where the maximum number of directors allowed under the constituent documents has not already been reached or exceeded by the appointment.
(3)
Where a receiver or manager has been appointed in respect of a prescribed institution by the High Court under paragraph 55(b), all proper costs, charges and expenses, including the remuneration of such
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receiver or manager shall be payable out of the assets of the prescribed institution in priority to all other claims.
Removal from office under section 54