Malaysia legislation
Section 3
Section 3
(2)
The Board shall have perpetual succession and a common seal.
(3)
The Board may sue and be sued in its own name.
Act 767
(4)
Subject to and for the purposes of this Act, the Board may, upon such terms as it deems fit—
(a)
enter into contracts;
(b)
acquire, purchase, take, hold or enjoy, as the case may be, any property, right, interest, obligation and liability of every description; and
(c)
sell, convey, assign, surrender, yield up, charge, mortgage, demise, reassign, transfer, lease or otherwise dispose of, or deal with, any property, right, interest, obligation and liability vested in the Board.
Vesting provisions