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Section 108

Validity of transaction

of Malaysia Deposit Insurance Corporation Act 2011

ActIn forceProvision 116 of 236
Section 108

Any payment made, transaction entered into or any other act or thing done by the Corporation, the appointed person or a receiver appointed pursuant to this Act or at the direction of the Corporation, is valid and effective and shall not be void, voidable or be considered as an undue preference in the winding up of a member institution.