Malaysia legislation
Section 23
Section 23
Transfer of property, liabilities, etc.
(a)
all the assets and movable and immovable property of every description and all the powers, rights and privileges in connection therewith or appertaining thereto which immediately before the date of the coming into operation of this Enactment were vested in the former Council shall forthwith vest in the
Council;
(b)
all liabilities and obligations of the former Council which may have existed immediately prior to the date of the coming into operation of this Enactment shall be transferred to and vest in the Council; and
(c)
every officer of the former Council shall be deemed to hold a corresponding appointment in the Council, subject to any provision that may subsequently be made.
Rules.