Section 3
Substitution of section 3
of Co-Operative College (Incorporation) (Amendment) Act 2011
The principal Act is amended by substituting for section 3
the following section:
“Establishment of the Co-operative College of Malaysia
Quoted provision
Section 3
A body corporate by the name of “Co-operative College of Malaysia” or, in the national language, “Maktab Koperasi
Malaysia” is established.
(2)
The College shall have perpetual succession and a common seal.
(3)
The College may sue and be sued in its name.
(4)
Subject to and for the purposes of this Act, the College 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 it by purchase, or by any exchange, grant, donation, lease, testamentary disposition or otherwise;
Co-operative College (Incorporation) (Amendment)
(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 College upon such terms as it deems fit; and
(d)
exercise, perform and discharge, in accordance with the provisions of this Act, all powers, functions and duties conferred, provided or imposed upon the College by such provisions.”.