Section 67

any undertakings, installations or other property, which were the undertakings, installations, or other property of the body corporate constituted under the repealed Sabah Electricity Board Enactment 1981, (hereinafter referred to in this Part at "body corporate") are transferred to the Board; and

any stock and shares, which were issued to the Chief Minister, incorporated by the Chief Minister (Incorporation) Ordinance, to hold for the purposes of the Government of the State of Sabah, are transferred to the Minister of Finance, incorporated by the Minister of Finance (Incorporation) Ordinance 1957, to hold for the purposes of the Federal Government, the Federal Government shall, as soon as practicable, pay, in respect thereof, such compensation to the Government of the State of Sabah, as may be agreed upon, by and between the Federal Government and the Government of the State of Sabah.

For the purposes of subsection (1), any undertakings, installations or other property, shall mean, to include, all plants, lands, works and other property, movable or immovable, assets, powers, rights and privileges held or enjoyed in connection therewith or appertaining thereto.