Malaysia legislation
Section 29
of Sabah Economic Development And Investment Authority Enactment 2009
Section 29
Dissolution
(1)
The Yang di-Pertua Negeri may, by the order published in the Gazette, dissolve the Authority established under subsection 5 (1) and he shall in such order appoint and name a person or corporation to manage, administer, distribute or otherwise with the assets and liabilities of that Authority for the purposes of its dissolution.
(2)
The person or corporation appointed under subsection (1) shall, in the performance of his duties, act in accordance with and give effect to the directions of the Yang di-Pertua Negeri and subject thereto, have all the powers conferred upon a liquidator appointed under the Companies Act 1965 [Act 125].
FIRST SCHEDULE
[Section 8]
Appointment, revocation and resignation