Malaysia legislation
Section 3
Section 3
(2)
The Board shall have perpetual succession and a common seal.
(3)
The Board may sue and be sued in its corporate name.
(4)
Subject to and for the purposes of this Act, the Board, upon such terms as it deems fit, may—
(a)
enter into contracts;
(b)
acquire, purchase, take, lease, hold, sell and enjoy movable and immovable property of every description; and
(c)
convey, assign, surrender, yield up, charge, mortgage, demise, reassign, transfer, or otherwise dispose of, or deal with any movable or immovable property and any interest in any movable or immovable property, vested in the Board.
Common seal of the Board