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Section 191

Validity of transaction

of Malaysia Deposit Insurance Corporation Act 2011

ActIn forceProvision 211 of 236
Section 191

Any payment made, transaction entered into or any other act or thing done in good faith by, or with the consent of the conservator, is valid and effective for the purposes of this Act and shall not be void, voidable or be considered as an undue preference in the winding up of the affected person.

Malaysia Deposit Insurance Corporation 195