International Islamic Trade Finance Corporation Act 2007 · Updated to 1 Nov 2014
3. Juridical personality of the Corporation
Official textFrom Laws of Malaysia Online, unchanged
The Corporation shall have juridical personality and such legal capacities as are necessary for the exercise of its powers and the performance of its functions in accordance with the
Corporation
“Corporation” means the International Islamic Trade Finance Corporation established by the Agreement;
Agreement.
Agreement
“Agreement” means the international agreement for the establishment and operation of the International Islamic Trade Finance Corporation signed in Kuwait City, Kuwait on 30 May 2006. Juridical personality of the Corporation
Without prejudice to the generality of subsection (1), the
Corporation shall have the capacity to—
enter into contracts;
acquire, hold and dispose of movable and immovable property; and
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International Islamic Trade Finance
Corporation Act 2007
institute legal proceedings in its name and defend any action brought against the Corporation in a court of competent jurisdiction.
Terms defined in s 2
Agreement
Defined · s 2“Agreement” means the international agreement for the establishment and operation of the International Islamic Trade Finance Corporation signed in Kuwait City, Kuwait on 30 May 2006. Juridical personality of the Corporation
Corporation
Defined · s 2“Corporation” means the International Islamic Trade Finance Corporation established by the Agreement;