Railways Act 1991 · Updated to 1 Sep 2012 · Part XII · Railway Assets Corporation and Railway Property
Section 103
Feedback & supportThe Corporation may dispose of immovable property vested in it
property
“property” means any movable or immovable property, and includes— (a) any right, interest, title, claim, chose-in-action, power, privilege, whether present or future and whether vested or contingent, in relation to any property, or which is otherwise of value; (b) any conveyance executed for conveying, assigning, appointing, surrendering, or otherwise transferring or disposing of immovable property whereof the person executing the conveyance is proprietor or possessed or wherein he is entitled to a contingent right, either for his whole interest or for any less interest; (c) any monetary instrument; (d) any other instrument or securities; (e) any business; and (f) any other tangible or intangible property;
The Corporation may sell, convey, transfer, lease, assign, surrender and yield up, mortgage, charge, reconvey, re-assign, or otherwise deal with any immovable property referred to in section 93
upon such terms and conditions as the Minister deems fit.
Minister
“Minister” means the Minister for the time being charged with the responsibility for railways in Sabah, Sarawak and the Federal Territory of Labuan;