Section 3
of Majlis Amanah Rakyat Act 1966
Section 3
(1)
There is hereby established a body corporate by the name of
“the Majlis Amanah Rakyat” (in this Act referred to as “the Majlis”)
with perpetual succession and a common seal and may sue and be sued in its name and, subject to and for the purposes of this Act, may enter into contracts and may acquire, purchase, take, 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 Majlis upon such terms as it deems fit.
(2)
First Schedule shall have effect with respect to the Majlis.
Majlis Amanah Rakyat 9
(3)
The Majlis shall consist of the following members to be appointed by the Minister:
(a)
a Chairman;
(b)
a Deputy Chairman; and
(c)
not less than five nor more than nine other members of whom not less than three shall be public officers.
(4)
The Minister shall, in respect of each member of the Majlis who is a public officer, appoint an alternate member who may attend any meeting of the Majlis which the member is for any reason whatsoever unable to attend and the alternate member, when so attending, shall for all purposes be deemed to be a member of the
Majlis.
(5)
If the Chairman is unable to exercise his functions under this
Act owing to illness, absence from Malaysia or for any cause whatsoever, the Minister may appoint any other person, whether or not he is a member of the Majlis, to be a temporary Chairman who shall perform the functions and exercise the powers of the Chairman under this Act.
(6)
A member of the Majlis, other than the Chairman, shall, unless his appointment is sooner resigned or revoked, hold office for such terms as may be specified in the instrument appointing him, and shall be eligible for re-appointment:
Provided that a member, other than the Chairman, shall not hold officer for a term exceeding two years at any one time.