Section 55
Payment
of Malaysia Deposit Insurance Corporation Act 2011
ActIn forceProvision 58 of 236
Section 55
(1)
All payments made by the Corporation in respect of—
(a)
Islamic deposits and all costs associated therewith shall be made from the Islamic deposit insurance fund; and
(b)
conventional deposits and all costs associated therewith shall be made from the conventional deposit insurance fund.
(2)
All references in this Chapter to deposit-taking members include, where applicable, a former deposit-taking member the membership of which has been cancelled under section 38 or terminated under section 39.
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