Section 128D
Replacement transfer order
of Malaysia Deposit Insurance Corporation Act 2011
The Corporation may issue a replacement transfer order to replace any transfer order it has previously issued for the purpose of rectifying any omission or error in the transfer order.
(2)
Any replacement transfer order issued by the Corporation under subsection (1) stating that any shares issued by the member institution have been transferred to the transferee shall be conclusive evidence of such transfer as of the transfer date stipulated in the replacement transfer order.
(3)
Any act done by a transferee, transferor or any other person, in reliance of a transfer order previously issued shall not be affected by
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any omission or error rectified in a replacement transfer order issued under subsection (1).
General provisions relating to winding up
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