Section 1
This Ordinance may be cited as the Minister of Finance (Incorporation) Ordinance, 1957, and shall be deemed to have come into force immediately prior to the coming into force of the Federal Lands Commissioner Ordinance, 1957.
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The Minister of Finance (Incorporation) Ordinance, 1957 is Malaysia Ordinance, cited as Ordinance No. 46 of 1957 1957, currently marked in force and first recorded in 1957.
Opening note
This Ordinance may be cited as the Minister of Finance (Incorporation) Ordinance, 1957, and shall be deemed to have come into force immediately prior to the coming into force of the Federal Lands Commissioner Ordinance, 1957.
In this Ordinance—
"property" includes all estates, interests, easements and rights, whether equitable or legal, in, to or out of property, and things in action.
The Corporation may sue and be sued in its said name and shall have perpetual succession and a corporate seal, and the said seal may from time to time be broken, changed, altered and made anew as to the Corporation seems fit, and, until a seal is provided under this section, a stamp bearing the inscription "Minister of Finance" may be used as the corporate seal.
The Corporation may enter into contracts and may acquire, purchase, take, hold and enjoy movable and immovable property of every description, and may convey, assign, surrender and yield up, charge, mortgage, demise, reassign, transfer or otherwise dispose of, or deal with, any movable or immovable property vested in the Corporation upon such terms as to the Corporation seems fit.
Section 13 of the Registration of Deeds Ordinance of the Straits Settlements shall not apply to any instrument purporting to be executed under subsection (1) of this section.
The High Commissioner may, by Order, vest in the Corporation any property, movable or immovable, which is for the time being vested in any public officer or authority and, upon the coming into operation of any such Order, the property to which such Order relates shall, without any conveyance, assignment or transfer whatever, vest in the Corporation for the like title, estate or interest and on the like tenure as the same was vested or held immediately before the coming into operation of the Order.
The High Commissioner may, by Order, vest in any public officer or authority any property, movable or immovable, for the time being vested in the Corporation and, upon the coming into operation of any such Order, the property to which such Order relates shall, without any conveyance, assignment or transfer whatever, vest in such officer or authority for the like title, estate or interest and on the like tenure and for the like purposes as the same was vested or held immediately before the coming into operation of the Order.
Perpustakaan
Kementerian Pelajaran
Malaysia.
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