Malaysia legislation
Section 41
Section 41
(2)
The local planning authority may, with the approval of the Menteri Besar or Chief Minister, from time to time by order published in the State Gazette, establish a corporation by such name as the local planning authority thinks fit, to carry out, and have the charge, conduct, and management of any project, scheme, or enterprise that has been planned or undertaken by the local planning authority in the discharge of its duty under subsection 38(2) of developing a development area.
(3)
Every order made under subsection (2) shall make provision in respect of—
(a)
the purposes and objects for which the corporation is established;
(b)
the constitution of the corporation;
(c)
the duties, powers, and rights of the corporation;
(d)
the system of management of the corporation;
(e)
the financing of the corporation;
(f)
the accounts to be kept by the corporation and the auditing thereof;
(g)
the relations between the corporation and the local planning authority and its right of control over the corporation; and
(h)
the common seal of the corporation.
Town and Country Planning 85
Power to borrow moneys