Malaysia legislation
Section 3
Section 3
(2)
The Board may sue and be sued in its corporate name.
(3)
Subject to and for the purposes of this Act, the Board may—
(a)
enter into contracts; and
(b)
acquire, purchase, take, hold and enjoy movable and immovable property of every description.
(4)
The Board may convey, assign, surrender and yield up, charge, mortgage, demise, reassign, transfer or otherwise dispose of, or deal with, movable or immovable property vested in the Board—
(a)
upon such terms as the Board thinks fit; and
(b)
subject to any written law affecting the same.
10 Laws of Malaysia ACT 538
Membership of the Board