Malaysia legislation
Section 3
of CO-OPERATIVE INSTITUTE (INCORPORATION) ACT 1968 (REVISED—2025)
Section 3
(2)
The Institute shall have perpetual succession and a common seal.
(3)
The Institute may sue and be sued in its name.
(4)
Subject to and for the purposes of this Act, the Institute may, upon such terms as it deems fit—
(a)
enter into contracts;
(b)
acquire, purchase, take, hold and enjoy movable and immovable property which may become vested in the
Institute by purchase, or by any exchange, grant, donation, lease, testamentary disposition or otherwise;
(c)
convey, assign, surrender, yield up, charge, sell, mortgage, lease, exchange, reassign, transfer or otherwise dispose of, or deal with, any movable or immovable property of any description or any interest therein vested in the
Institute upon such terms as the Institute deems fit; and
Co-operative Institute (Incorporation)
(d)
exercise, perform and discharge, in accordance with the provisions of this Act, all powers, functions and duties conferred, provided or imposed upon the Institute by such provisions.
Common seal of the Institute