Malaysia legislation

Section 2A

of *UNCLAIMED MONEYS ACT 1965

Section 2A

Unclaimed moneys

Unclaimed moneys referred to in this Act shall be construed as references to all sums of moneys—

(a)

which are legally payable to the owner and have remained unpaid for a period of not less than two years after they have become payable;

(b)

to the credit of an account that has not been operated in whatever manner by the owner for a period of not less than seven years; and

(c)

to the credit of a trade account which has remained dormant for a period of not less than two years.