Malaysia legislation
Section 102
Section 102
(a)
all the undertaking of the Penang Harbour Board (in this
Part referred to as “the Board”); and
(b)
the Prai Wharf undertaking of the Malayan Railway
Administration (in this Part referred to as “the
Administration”).
(2)
The transfer shall extend to the whole of those undertakings including all lands, works and other property movable or immovable, assets, powers, rights and privileges held or enjoyed in connection therewith or appertaining thereto, other than such movable property as the Administration and the Commission may agree to exclude, or in default of agreement, as the Minister may determine ought to be excluded, from the transfer effected by this section.
(3)
The Commission, on the transfer of the said undertakings—
(a)
may exercise and enforce all the rights, powers and privileges which where immediately before the appointed day vested in the Board or the Administration in respect of each of the undertakings; and
(b)
shall, to the exclusion of the Board and the Administration, be subject to all liabilities and obligations to which the
Board and the Administration were respectively subject immediately before the appointed day in respect of each of the undertakings.
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Pending proceedings and existing contracts