Malaysia legislation
Section 4
Section 4
Powers of the Corporation
(1)
Without prejudice to its powers as prescribed in its
Memorandum and Articles of Association, the Corporation shall have the power to—
(a)
carry on business as an asset management company and to acquire the whole or any part of any asset or liability of whatever form of any person, and to manage, finance and dispose of such asset or liability; and
(b)
carry out, manage or enter into any activity in relation to such asset or liability.
14 Laws of Malaysia
(2)
The powers conferred on the Corporation under subsection (1)
shall be in addition to and not in derogation of any of the rights, powers, liberties, privileges and benefits conferred on the
Corporation by this Act or any other law.
(3)
In addition to the powers vested in the Corporation by its
Memorandum and Articles of Association and this Act, the
Corporation may exercise such other powers as may be expedient or reasonably necessary for or in connection with or incidental to its objectives and the provisions of this Act shall apply to the
Corporation in respect of the exercise of such powers.
The Board