4. Initial Government holding in the successor company

Terms defined in s 2

• Corporation

  Corporation

  Defined · s 2

  “Corporation” means the Minister of Finance incorporated by the Minister of Finance (Incorporation) Act 1957;

  Open s 2
• liabilities

  liabilities

  Defined · s 2

  “liabilities” means liabilities, debts, charges, duties and obligations of every description (whether present or future, actual or contingent, and whether payable or to be observed or performed in Malaysia or elsewhere);

  Open s 2
• Minister

  Minister

  Defined · s 2

  “Minister” means the Minister for the time being charged with the responsibility for railways;

  Open s 2
• property

  property

  Defined · s 2

  “property” includes all property, movable or immovable, and all estates, interests, easements and rights, whether equitable or legal in, to or out of property, choses in action, money and goodwill; and

  Open s 2
• rights

  rights

  Defined · s 2

  “rights” means all rights, powers, privileges and immunities, whether actual, contingent or prospective;

  Open s 2
• successor company

  successor company

  Defined · s 2

  “successor company” means the company limited by shares incorporated under the Companies Act 1965, and named by the Minister in the order under subsection 3(1), to which property, rights and liabilities of the Railway Assets Corporation are from time to time transferred to and vested in under section 3; and

  Open s 2