Section 41
Transfer of property
of Majlis Amanah Rakyat Act 1966
Subject to this Act, all lands immediately before the appointed day vested in or reserved under any written law relating to land for the purpose of the Authority shall, on that day, as the case may be, vest in or be deemed to be reserved for the purpose of the Majlis.
(2)
Subject to this Act and to any direction of the Minister, all property and assets other than land which immediately before the appointed day were vested in the Authority or in any person on behalf of the Authority shall on that day vest in the Majlis.
26 Laws of Malaysia ACT 489
(3)
It is hereby declared that any property, whether movable or immovable, which immediately before the first day of January 1954
was used for the purposes which after that date became the purposes of the Authority shall on the appointed day be vested in the Majlis.