Malaysia legislation

Section 76

of INSOLVENCY ACT 1967

Section 76

(2)

Before the Minister of Finance makes any direction under subsection (1) the Bankruptcy Estates Account may be kept—

(a)

with the Treasury in the case of bankruptcy proceedings in *Peninsular Malaysia; and

(b)

with the Treasury of Sabah or Sarawak in the case of bankruptcy proceedings in either State.

(3)

All payments out of moneys standing to the credit of the

Director General of Insolvency in the Bankruptcy Estates Account shall be made in the prescribed manner.

Investment of surplus funds

Section 76 — INSOLVENCY ACT 1967 | mylaw.my