Section 183
Vacation of office of receiver, etc.
of Malaysia Deposit Insurance Corporation Act 2011
ActIn forceProvision 203 of 236
Section 183
(1)
Any receiver, manager, receiver and manager or interim liquidator who vacates his office pursuant to paragraph 179(1)(d) shall immediately hand over all the assets, books, records, accounts or other documents of the affected person to the conservator.
(2)
All sums properly incurred in respect of the costs, expenses and remuneration of such receiver, manager, receiver and manager or interim liquidator shall be charged on and paid out of the realized proceeds of the affected person in the manner set out in the proposal under section 185.