Section 2

“Corporation” means the Minister of Finance incorporated by the

Minister of Finance (Incorporation) Act 1957 [Act 375];

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*NOTE— The title of the office of the Federal Lands Commissioner is now known as the Director

General of Land and Mines (Federal) as amended by P.U. (B) 324/1970.

*“Federal Lands Commissioner” means the Federal Lands

Commissioner appointed under the Federal Lands Commissioner Act 1957 [Act 349];

“liabilities” means liabilities, debts, charges, duties and obligations of every description (whether present or future, actual or contingent, and whether payable or to be observed or performed in Malaysia or elsewhere);

“Minister” means the Minister for the time being charged with the responsibility for civil aviation;

“operating company” means the company nominated and licensed under subsection 24A(1) of the Civil Aviation Act 1969 [Act 3];

“property” includes all property, movable or immovable, and all estates, interests, easements and rights, whether equitable or legal, in, to or out of property, choses-in-action, money and goodwill; and

“vested” in relation to property includes rights to property which are future or contingent and rights in reversion and remainder;

“rights” means all rights, powers, privileges and immunities, whether actual, contingent or prospective;

“vesting date” means the date on which property, rights and liabilities of the Government of Malaysia are transferred to and vested in the operating company as specified by the Minister from time to time in the order under subsection 3(1).