Malaysia legislation
Section 3
Section 3
(2)
The Lembaga shall have perpetual succession and a common seal and may sue and be sued in its name.
(3)
Subject to and for the purposes of this Act, the Lembaga may enter into contracts and may acquire, purchase, take, hold and enjoy movable and immovable property of every description and may
10 Laws of Malaysia ACT 535
convey, assign, surrender, yield 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 Lembaga upon such terms as it deems fit.
Functions of the Lembaga