Section 3
of Malaysia Deposit Insurance Corporation Act 2011
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Section 3
(1)
Notwithstanding the repeal of the Malaysia Deposit Insurance
Corporation Act 2005 by section 210, the body corporate established under the repealed Act under the name of “Malaysia Deposit Insurance
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Corporation” shall continue to be in existence under and subject to the provisions of this Act.
(2)
The Corporation is the same body corporate established under the repealed Act.
(3)
The Corporation shall continue to have perpetual succession and a common seal, and may sue and be sued in its corporate name.