32A. Obligation to execute contract note

Terms defined in s 2

• charge

  charge

  Defined · s 2

  “charge” means any instrument whereby, for the purpose of securing the payment of any definite and certain sum of money advanced or lent at the time or previously due or foreborne to be paid or for the repayment of money to be thereafter lent, advanced or paid, or which may become due upon any account current, together with any sum already advanced or due, or without, as the case may be, or for the performance of any contract or engagement, one person creates a right over or charge upon any specified property; and includes any instrument which purports to create or in which any person agrees to create any such right or charge;

  Open s 2
• contract note

  contract note

  Defined · s 2

  “contract note” means the note sent by a dealer or agent to his principal, or by any person who by way of business deals, or holds himself out as dealing, as a principal in any stock or marketable Stamp 13 securities, advising the principal, or the vendor or purchaser, as the case may be, of the sale or purchase of any stock or marketable security, but does not include a note sent by a dealer or agent to his principal where the principal is himself acting as dealer or agent for a principal and is himself a person who bona fide carries on the business of a dealer in Malaysia;

  Open s 2
• dealer

  dealer

  Defined · s 2

  “dealer” means any person licensed under the *Securities Industry Act 1983 to carry on the business of dealing in securities in Malaysia and is recognized as a member company by a stock exchange;

  Open s 2
• marketable security

  marketable security

  Defined · s 2

  “marketable security” means a security of such a description as to be capable of being sold or negotiated in any stock market in Malaysia or elsewhere;

  Open s 2
• stock

  stock

  Defined · s 2

  “stock” includes any share in the capital stock or funded debt of any corporation, company or society in Malaysia or elsewhere and any share in the stocks or funds of the Government of Malaysia or of any other Government or country;

  Open s 2