Malaysia legislation
Section 11F
Section 11F
(2)
A licensee may, with the prior consent of the Registrar, appoint any person for the purpose of exercising any of the rights conferred on him under the licence, or cause or permit any such person to exercise any such right.
(3)
The Registrar may authorize the transfer of a licence where—
(a)
the licensee—
(i)
being a company, is liquidated and a receiver or manager is appointed in relation to the pawnbroking business of the company; or
(ii)
being a society, firm or other body of persons, is dissolved and a receiver or manager is appointed in relation to the pawnbroking business of the society, firm or other body of persons; or
(b)
for any other reason the Registrar is satisfied that it would be just to authorize such transfer.
(4)
Except where the Registrar has given his consent or authorization under subsection (2) or (3), a licensee who purports to transfer or assign his licence to any other person, or causes or permits any other person to use his licence or to provide the services authorized in the licence, commits an offence and shall on conviction be liable to a fine not exceeding twenty thousand ringgit or to imprisonment for a term not exceeding twelve months or to both.
Duty of pawnbroker on expiry of licence