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Lembaga Pembangunan Industri Pembinaan Malaysia Act 1994 · s 3
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Lembaga Pembangunan Industri Pembinaan Malaysia Act 1994 · s 3
Tell us what is wrong in this text. We check every suggestion against the official version before we change anything.
There is hereby established a body corporate by the name of
“Lembaga Pembangunan Industri Pembinaan Malaysia”, which may be referred to for all purposes by the acronym “CIDB”, and which shall have perpetual succession and a common seal, which may sue and be sued in its corporate name and, subject to and for the purposes of this Act, may enter into contracts and may acquire, purchase, take,
*NOTE—The Companies Act 1965 [Act 125] has been repealed by the Companies Act 2016 [Act 777]
w.e.f. 31 January 2017.
Lembaga Pembangunan Industri 15
Pembinaan Malaysia hold and enjoy movable and immovable property of every description and may convey, assign, surrender, yield up, charge, mortgage, demise, reassign, transfer or otherwise dispose of, or deal with any movable or immovable property or any interest therein vested in the
Lembaga upon such terms as it deems fit.