Back

Statutory Definitions

transferee

"transferee" means a company, including a licensed insurer, to which the insurance business of a licensed insurer is transferred;
ACT 553 - INSURANCE ACT 1996
127. Interpretation of this Part.

transferee

"transferee" means the person in whose favour a statutory vesting is effected;
Act 56_65 - NATIONAL LAND CODE
414. Interpretation.

transferee

"transferee" means the Bank, a body corporate established by the Bank under paragraph 48(1)(d), a financial institution, or any other person, as the case may be, in which is vested under subparagraph 32(1)(c)(iii) the whole or part of the business, assets or liabilities of, or all or any of the shares or other capital instruments issued by the financial institution which has ceased to become viable or which the Bank considers likely to become non-viable;
ACT 701 - CENTRAL BANK OF MALAYSIA ACT 2009
36. Additional provisions relating to subparagraph 32(1)(c)(iii).
See Also: Translator EN-BM

Back