Malaysia Co-Operative Societies Commission Act 2007 · Updated to 1 Oct 2023 · Chapter 1
3. Establishment of the Commission
Official textFrom Laws of Malaysia Online, unchanged
A body corporate by the name of “Malaysia Co-operative
Societies Commission” is established.
Commission
“Commission” means the Malaysia Co-operative Societies Commission established under section 3;
The Commission shall have perpetual succession and a common seal, and may sue and be sued in its corporate name.
The Commission, subject to and for the purposes of this Act, upon such terms as it deems fit, may—
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*NOTE─The Companies Act 1965 [Act 125] has been repealed by the Companies Act 2016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.
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acquire, purchase, take, hold and enjoy movable and immovable property of every description; and
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.
Terms defined in s 2
Commission
Defined · s 2“Commission” means the Malaysia Co-operative Societies Commission established under section 3;
property
Defined · s 2“property” means any movable or immovable property and includes— (a) any right, interest, title, claim, chose in action, power or privilege, whether present or future, or whether vested or contingent, in relation to any property, or which is otherwise of value; (b) any conveyance executed for conveying, assigning, appointing, surrendering, or otherwise transferring or disposing of property where the person executing the conveyance is the proprietor or possessor, or wherein he is entitled to a contingent right, either for the whole or part of the interest; *NOTE─The Central Bank of Malaysia Act 1958 has been repealed by the Central Bank of Malaysia Act 2009 which comes into operation on 25 November 2009–see section 100…
Chapter 2
Part III
Powers of the Commission
Part IV
Provisions Relating to Officer and Employee
Part V
Finance
Chapter 3
Part VI
Investigation, Search and Seizure
Part VII