Malaysia legislation

Section 57

of PEMBANGUNAN SUMBER MANUSIA BERHAD ACT 2001

Section 57

Existing contracts

Subject to the provisions of this Act, all deeds, bonds, agreements, instruments and working arrangements subsisting immediately before the appointed date and affecting any of the property transferred under section 56 shall be as of full force and effect against or in favour of the Corporation and enforceable as fully and effectually as if, instead of the Council, or any person acting on behalf of the Council, the Corporation had been named therein or had been a party thereto.