Malaysia legislation
Section 22
Section 22
Transfer of property, liabilities, etc.
(a)
all the assets and movable and immovable property of every description and all the powers, rights and privileges in connection therewith or appertaining thereto
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which immediately before the date of the coming into operation of this
Enactment were vested in the Unit shall forthwith vest in the Council;
(b)
all liabilities and obligations of the Unit which may have existed immediately prior to the date of the coming into operation of this Enactment shall be transferred to and vest in the Council; and
(c)
every officer of the Unit shall be transferred to hold a corresponding appointment in the Council, subject to any provision that may subsequently be made.
Rules.