Section 182
Undue preference
of Malaysia Deposit Insurance Corporation Act 2011
ActIn forceProvision 202 of 236
Section 182
(1)
On the appointment of the conservator, any transfer, mortgage, execution, attachment, obligation, settlement, charge, assignment, delivery of goods, payment or other act relating to any asset made, incurred or done by or against the affected person which would in the event of the affected person being wound up under the
Companies Act 2016 be void or voidable, may be avoided or recovered by the conservator.
(2)
For the purpose of subsection (1), where reference is made in the Companies Act 2016 to a date for the purpose of determining the effect of winding up on transactions mentioned therein, that date shall be the date of the appointment of the conservator.