Malaysia legislation
Section 3
Section 3
(2)
The Perbadanan shall have perpetual succession and a common seal.
(3)
The Perbadanan may sue and be sued in its name.
(4)
Subject to and for the purposes of this Act, the Perbadanan may, upon such terms as it deems fit—
(a)
enter into contracts;
(b)
acquire, purchase, take, hold 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 or any interest therein vested in the Perbadanan.
Functions and powers of the Perbadanan