Malaysia legislation
Section 7
of Promotion of Commercial Agriculture and Agro-based Industries Ordinance, 2004
Section 7
(2)
Any acquisition of land under Part IV of the Land Code
[Cap. 81(1958 Ed.)] for the purposes of the Company under this
Ordinance, shall be deemed to be a public purpose.
(3)
Where State land is vested in or alienated to the Company under subsection (1), the Company shall, if such land is vested or alienated without payment of premium, issue to the State Financial
Secretary, shares equivalent to the market value of such land as assessed by a valuer appointed by the Director of Lands and Surveys.
(4)
No land which is vested, held or registered in the name of the Company shall be used for any purpose other than for the furtherance of the objects of the Company or to carry out, execute or perform any of the directions of the Council.
(5)
Non-compliance with the provisions of subsection (4) shall be deemed a breach of a condition of title of such land (irrespective of whether such condition is stated in the document of title thereof) and shall entitle the Government to re-enter the land in accordance with section 33 of the Land Code [Cap. 81 (1958 Ed.)].
Declaration of area for commercial agriculture