Section 97

Every property vested by virtue of subsection (1) in the

Corporation shall so vest in the Corporation for the like title, estate or interest and on the like tenure as the property was vested or held immediately before the vesting date.

Skills Development Fund 49

Every right or liability vested by virtue of subsection (1) in the Corporation may, on and after the vesting date, be sued on, recovered or enforced by the Corporation in its own name and it shall not be necessary for the Corporation, the Government, or any person on behalf of the Government of Malaysia or the Corporation to give notice to the person bound by the right or liability of the vesting effected by virtue of subsection (1).

Any pending legal proceedings by or against the Government or any officer of the Government which relate to any property, rights or liability transferred to and vested in the Corporation by virtue of subsection (1) may, on and after the vesting date, be continued by or against the Corporation.

In the case of rights or liabilities arising under any loan, which is vested in the Corporation on the vesting date, the Corporation may enter into such arrangements or agreements over such rights and liabilities with the Government or any third party.

On and after the vesting date, any arrangement or agreement relating to any property, rights and liabilities transferred to and vested in the Corporation under subsection (1) to which the

Government, or any officer of the Government was a party immediately before the vesting date, whether in writing or not, and whether or not of such a nature that rights and liabilities under the arrangement or agreement could be assigned by the Government, or the officer shall have effect as if the Corporation had been a party to the arrangement or agreement.

Employment of Government employees