Section 17

Any legal proceedings that could have been continued or commenced by or against the Co-operative College of Malaysia before the coming into operation of this Part may be continued or commenced on and after the coming into operation of this

Part in the name of the Co-operative Institute of Malaysia.

All deeds, documents and other instruments executed by the Co-operative College of Malaysia under the common seal of the “Co-operative College of Malaysia” before the coming into operation of this Part shall continue in full force and effect on the coming into operation of this Part.

Any person who is a member of the Board, the Study

Committee or any committee of the Co-operative College of

Malaysia immediately before the coming into operation of this

Part shall, on the coming into operation of this Part, continue to be a member of the Board, the Study Committee or any committee of the Co-operative Institute of Malaysia, as the case may be.

All officers and staff appointed by the Co-operative College of Malaysia immediately before the coming into operation of this Part shall, on the coming into operation of this Part, be deemed to have been appointed by the Co-operative Institute of Malaysia on terms and conditions of service which are not less favourable than the terms and conditions of service applicable to them immediately before the coming into operation of this Part.

If changes are made on and after the coming into operation of this Part, with respect to the conditions of service of the officers and staff of the Co-operative Institute of Malaysia who are deemed under subsection (5) to have been employed by the

Institute, they shall be given an option whether to continue to be subject to the existing conditions of service or to be subject to the new conditions of service.

Co-operative College (Incorporation) (Amendment)

All moneys contained in or due to be paid to the Co-operative

College of Malaysia Fund established under the principal Act shall, on the coming into operation of this Part, be transferred to and be deemed to be part of the Co-operative Institute of Malaysia

Fund.

Any other assets, shares and liabilities belonging to the

Co-operative College of Malaysia Fund immediately before the coming into operation of this Part shall become, on the coming into operation of this Part, the assets, shares and liabilities of the Co-operative Institute of Malaysia Fund.

All moneys contained in the Reserve Fund and the Contributory

Provident Fund of the Co-operative College of Malaysia shall, on the coming into operation of this Part, be transferred to and be deemed to be part of the Reserve Fund and the Contributory

Provident Fund of the Co-operative Institute of Malaysia.

KUALA LUMPUR