Pengurusan Danaharta Nasional Berhad Act 1998 · Updated to 1 Feb 2013 · Part V · Acquisition and Disposition by the Corporation
14A. Replacement vesting certificate
Official textFrom Laws of Malaysia Online, unchanged
The Corporation may issue a new vesting certificate to replace any vesting certificate it has previously issued in order to rectify any omission or error in the vesting certificate.
Any replacement vesting certificate issued under subsection (1)
vesting certificate
“vesting certificate” means a certificate issued under section 14 and includes a replacement vesting certificate issued under section 14A;
executed under the seal of the Corporation stating that an asset has been vested in the Corporation shall be conclusive evidence of such vesting as of the vesting date specified in the replacement vesting certificate.
asset
“asset” includes any credit facility, property and business or enterprise of any kind;
If any law stipulates a time period within which a transfer of any of the assets stated to be the subject of a replacement vesting certificate issued under subsection (1) shall be registered or filed, that period shall commence from the date the replacement vesting certificate is issued.
Any act done by the Corporation, seller, Special Administrator or any other person in reliance of a vesting certificate previously issued shall not be affected by any omission or error rectified in a replacement vesting certificate issued under subsection (1).
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For the purposes of this Act, a reference to a vesting certificate shall be deemed to include a reference to a replacement vesting certificate issued under subsection (1).
Terms defined in s 2
asset
Defined · s 2“asset” includes any credit facility, property and business or enterprise of any kind;
Special Administrator
Defined · s 2“Special Administrator” means the person appointed under section 23 or 24;
vesting certificate
Defined · s 2“vesting certificate” means a certificate issued under section 14 and includes a replacement vesting certificate issued under section 14A;
vesting date
Defined · s 2“vesting date” means the date stated on a vesting certificate as the date on which an asset vests in the Corporation or subsidiary, as the case may be.
Part VI
Management of Assets and Liabilities
Part VII
Additional Rights
Part VIII
Application of Other Acts
Part IX
Application of the Act
Part X