Pengurusan Danaharta Nasional Berhad Act 1998 · Updated to 1 Feb 2013 · Part V · Acquisition and Disposition by the Corporation
16. Additional provisions on land
Official textFrom Laws of Malaysia Online, unchanged
Notwithstanding the provisions of the National Land Code, the Land Ordinance of Sabah, the Land Code of Sarawak or any other law, any caveat or prohibitory order which was registered, endorsed or entered prior to, on or after the vesting date shall not prevent a transfer of any interest in land of the seller to the Corporation.
vesting date
“vesting date” means the date stated on a vesting certificate as the date on which an asset vests in the Corporation or subsidiary, as the case may be.
Where a vesting certificate vests in the Corporation any interest in land—
vesting certificate
“vesting certificate” means a certificate issued under section 14 and includes a replacement vesting certificate issued under section 14A;
in Peninsular Malaysia, on receipt of—
payment of the prescribed fee; and
the applicable form—
with the vesting certificate attached to it;
and
showing the identity of the person and particulars of the land affected by the vesting,
26 Laws of Malaysia the Registrar under the National Land Code shall without the need for any further application or filing of any further document make a memorial on the register document of title and make such other entries and generally do all things as may be necessary to give effect to the vesting;
in Sabah, on receipt of—
payment of the prescribed fee; and
the applicable form—
with the vesting certificate attached to it;
and
showing the identity of the person and particulars of the land affected by the vesting, the Registrar under the Land Ordinance of Sabah shall without the need for any further application or filing of any further document make a memorial on the register document of title and make such other entries and generally do all things as may be necessary to give effect to the vesting;
in Sarawak, on receipt of—
payment of the prescribed fee; and
the applicable form—
with the vesting certificate attached to it;
and
showing the identity of the person and particulars of the land affected by the vesting, the Registrar under the Land Code of Sarawak shall without the need for any further application or filing of any further document make a memorial on the register
Pengurusan Danaharta Nasional Berhad 27
document of title and make such other entries and generally do all things as may be necessary to give effect to the vesting.
Notwithstanding any provision in the National Land Code, the
Land Ordinance of Sabah, the Land Code of Sarawak or any other law, a vesting certificate shall be conclusive evidence of a vesting of an interest in land in the Corporation.
interest in land
“interest in land” means— (a) any interest in land, whether registered or registrable, including one to which the Strata Titles Act 1985 applies and which is capable of being transferred under Part Fourteen of the National Land Code or Part V of the Land Ordinance of Sabah or Part VI of the Land Code of Sarawak; (b) any lienholder’s caveat or other caveats; and (c) any other rights and entitlements relating to land; Pengurusan Danaharta Nasional Berhad 11
Terms defined in s 2
interest in land
Defined · s 2“interest in land” means— (a) any interest in land, whether registered or registrable, including one to which the Strata Titles Act 1985 applies and which is capable of being transferred under Part Fourteen of the National Land Code or Part V of the Land Ordinance of Sabah or Part VI of the Land Code of Sarawak; (b) any lienholder’s caveat or other caveats; and (c) any other rights and entitlements relating to land; Pengurusan Danaharta Nasional Berhad 11
vesting certificate
Defined · s 2“vesting certificate” means a certificate issued under section 14 and includes a replacement vesting certificate issued under section 14A;
vesting date
Defined · s 2“vesting date” means the date stated on a vesting certificate as the date on which an asset vests in the Corporation or subsidiary, as the case may be.
Part VI
Management of Assets and Liabilities
Part VII
Additional Rights
Part VIII
Application of Other Acts
Part IX
Application of the Act
Part X