Malaysia legislation
Section 13
Section 13
⎯(1) The Majlis Mesyuarat Kerajaan Negeri may, at any time and from time to time, by Order⎯
(a)
authorize the transfer to a Port Authority under the
Land Code [Cap. 81 (1958 Ed.)] any immovable property which he considers should be vested in that Port Authority;
(b)
transfer to a Port Authority any movable property which he considers should be vested in that Port Authority.
[Am. Ord. No. 9/76; Am. Cap. A28.]
(2)
Where any property of the Government is transferred to a
Port Authority pursuant to subsection (1), that Port Authority shall cause such property to be valued as at the date of transfer, and shall forthwith cause details of such valuation to be shown on its accounts.
Account for working capital