Malaysia legislation

Section 59

of Credit Corporation Enactment 1981

Section 59

(1)

The Yang di-Pertua Negeri may at any time by order vest any State land or movable property of the Government in the Corporation where it appears desirable to do so to enable the Corporation to carry out its duties and responsibilities.

(2)

Property vested in the Corporation under this section may be so vested absolutely or subject to such terms and conditions as the Yang di-Pertua Negeri may think fit to impose.

(3)

Where any land is vested in the Corporation under this section a delivery of a copy of the order concerned shall, notwithstanding any provisions of any State law to the contrary, be sufficient authority to any public officer charged with the responsibility for registering dealing with land or the issue of the title thereto, and any such officer shall

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thereupon, without payment of fee, take all necessary steps to perfect the title of the

Corporation to such land.

Emergency powers of General Manager.