Section 11
Transfer of property and liabilities, etc.
of Malaysian Red Crescent Society (Incorporation) Act 1965
On the appointed day all property belonging to the former
Corporation or any Branch, whether held in the name of the former
Corporation or that Branch, or in the name or names of any person or persons in trust for the former Corporation or that Branch, shall be and the same is hereby vested in the Corporation, and the same together with all after-acquired property, movable or immovable, and all subscriptions, contributions, donations, fines, amounts of loans and advances received or to be received shall be held by the
Corporation for the purposes of this Act and subject to the rules of the Corporation.
(2)
All debts and liabilities of the former Corporation or any
Branch existing immediately before the appointed day shall be paid by the Corporation, and all debts due to and subscriptions and contributions payable to the former Corporation or any Branch shall be paid to the Corporation for the purposes of this Act.
9
Malaysian Red Crescent Society (Incorporation)