Malaysia legislation
Section 3
Section 3
(2)
The Authority shall have perpetual succession and a common seal.
(3)
The Authority may sue and be sued in its name.
(4)
Subject to and for the purposes of this Act, the Authority may, upon such terms as it deems fit—
(a)
enter into contracts;
(b)
acquire, purchase, take, hold and enjoy movable and immovable property of every description; and
(c)
convey, assign, surrender, yield up, charge, mortgage, demise, reassign, transfer, or otherwise dispose of, or deal with, any movable or immovable property or any interest vested in the Authority.
Objective of the Authority