Malaysia legislation
Section 92
of MALAYSIA DEPOSIT INSURANCE CORPORATION (AMENDMENT) ACT 2016
Section 92
Malaysia Deposit Insurance Corporation (Amendment)
The principal Act is amended by substituting for section 204
the following section:
Quoted provision
Section 204
(2)
No application for the winding up of a member institution may be presented to the High Court by any person, other than by the Corporation, without the prior written approval of Bank Negara Malaysia.
(3)
This section applies to a former member institution the membership of which has been cancelled or terminated under this Act.”.
54
New section 207a