Malaysia legislation
Section 3
Section 3
⎯(1)
There is established for the purposes of the Ordinance a body by the name of “Perbadanan Pembangunan Ekonomi Sarawak”.
(2)
The Corporation shall be a body corporate with perpetual succession and a common seal and may sue and be sued in its said name and subject to and for the purposes of this Ordinance, may enter into contracts, and may acquire, purchase, take, hold and enjoy movable and immovable property of every description and may convey, assign, surrender, yeild 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
Corporation upon such terms as it deems fit.
[Sub. Ord. No. 19/71.]
Constitution of the Corporation