38. Transfer of property

Subject to the provisions of this Act, all lands which immediately before the appointed date were vested in MARA in respect of ITM, or vested in ITM, or vested in any person on behalf of ITM, shall, on that date, vest in the Universiti established by this Act.

Subject to the provisions of this Act, all lands which immediately before the appointed date were reserved under the provisions of any written law relating to land for the purposes of MARA in respect of ITM, or for the purposes of ITM, shall, on that date, be deemed to be reserved for the purposes of the

Subject to the provisions of this Act and to any direction of the Minister, all property and assets other than land which immediately before the appointed date were vested in—

It is hereby declared that any property, whether movable or immovable, which, immediately before the appointed date, was used for the purposes which after that date become the purposes of the Universiti established by this Act shall, on that date, be vested in the said Universiti.

Subject to the provisions of this Act, where immediately before the appointed date any proceedings have been taken under any written law relating to compulsory acquisition of land for the purposes of MARA in respect of ITM, or for the purposes of ITM, such proceedings shall, as from that date, be deemed to have been taken for the acquisition of the land for the purposes of the Universiti established by this Act.