Malaysia legislation

Section 6

of *UNCLAIMED MONEYS ACT 1965

Section 6

Notwithstanding any written law or rule of law, for the purpose of any payment of money into the Consolidated Revenue Account under subsection 5(1), the Registrar or any person appointed by the Minister under subsection 4A(2) aforesaid is hereby empowered after the expiration of such period of fifteen years to sell or otherwise convert into money any security referred to in subsection (2) of the said section and in order to facilitate such payment into the Consolidated Revenue

Account, a Judge of the High Court, upon application by the Registrar or any person appointed by the Minister under subsection 4A(2), may make an order vesting in the Registrar or any person appointed by the

Minister under subsection 4A(2) the property or interest in any such security or in any money in any bank referred to in subsection (2) of that section.

Provision for claims, etc., made after payment into Consolidated