Malaysia Co-Operative Societies Commission Act 2007 · s 3

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s 3Establishment of the Commission

(1)

A body corporate by the name of “Malaysia Co-operative

Societies Commission” is established.

(2)

The Commission shall have perpetual succession and a common seal, and may sue and be sued in its corporate name.

(3)

The Commission, subject to and for the purposes of this Act, upon such terms as it deems fit, may—

(a)

enter into contracts;

*NOTE─The Companies Act 1965 [Act 125] has been repealed by the Companies Act 2016

[Act 777] which comes into operation on 31 January 2017–see subsection 620(1) of Act 777.

(b)

acquire, purchase, take, hold and enjoy movable and immovable property of every description; and

(c)

sell, convey, assign, surrender, yield up, charge, mortgage, demise, reassign, transfer, lease, let, sub-let or otherwise dispose of, or deal with any movable or immovable property or any interest vested in the Commission.