Malaysia legislation
Section 3
Section 3
(2)
The Perbadanan shall have perpetual succession and a common seal and may sue and be sued in its name.
(3)
Subject to and for the purposes of this Act, the Perbadanan may, upon such terms as it deems fit—
(a)
enter into contracts;
(b)
acquire, purchase, take, hold and enjoy movable and immovable property of every description; and
Perbadanan Stadium Malaysia 9
(c)
convey, assign, surrender, yield up, charge, mortgage, demise, lease, reassign, transfer or otherwise dispose of, or deal with, any movable or immovable property or any interest vested in the Perbadanan.
(4)
The objectives of the Perbadanan are to develop, operate and manage the stadiums in accordance with the standards determined by the Perbadanan.
Functions of the Perbadanan