Section 168
General duties of conservator
of Malaysia Deposit Insurance Corporation Act 2011
ActIn forceProvision 188 of 236
Section 168
(1)
Without prejudice to sections 173, 175 and 176, the conservator shall, on his appointment, take into his custody or under his control all the assets to which the affected person is or appears to be entitled.
(2)
The conservator shall manage the assets, business and affairs of the affected person—
(a)
at any time prior to the approval of the proposal by the secured creditors of the affected person under section 185, in accordance with any direction given by the Corporation;
and
(b)
at any time after the approval of the proposal by the secured creditors of the affected person under section 185, in accordance with that proposal as it may be modified in accordance with section 187.