Pengurusan Danaharta Nasional Berhad Act 1998 · Updated to 1 Feb 2013 · Part V · Acquisition and Disposition by the Corporation
19A. Replacement transfer certificate
Official textFrom Laws of Malaysia Online, unchanged
The Corporation may issue a new transfer certificate to replace any transfer certificate it has previously issued in order to rectify any omission or error in the transfer certificate.
Any replacement transfer certificate issued under subsection (1)
transfer certificate
“transfer certificate” means a certificate issued under section 19 and includes a replacement transfer certificate issued under section 19A;
executed under the seal of the Corporation stating that an asset has been transferred to the acquiree shall be conclusive evidence of such transfer as of the date of disposition specified in the replacement transfer 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 transfer certificate issued under subsection (1) shall be registered or filed, that period shall commence from the date the replacement transfer certificate is issued.
Any act done by the Corporation, seller, Special Administrator or any other person in reliance of a transfer certificate previously issued shall not be affected by any omission or error rectified in a replacement transfer certificate issued under subsection (1).
For the purposes of this Act, a reference to a transfer certificate shall be deemed to include a reference to a replacement transfer certificate issued under subsection (1).
30 Laws of Malaysia
Terms defined in s 2
acquiree
Defined · s 2“acquiree” means any person to whom the Corporation disposes an asset under section 19;
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;
transfer certificate
Defined · s 2“transfer certificate” means a certificate issued under section 19 and includes a replacement transfer certificate issued under section 19A;
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