Postal Services (Successor Company) Act 1991, Part I — Preliminary (s 1–s 2) — Laws of Malaysia

Short title

s 1

This Act may be cited as the Postal Services (Successor Company) Act 1991.

Interpretation

In this Act, unless the context otherwise requires— “Corporation” means the Minister of Finance incorporated by the Minister of Finance (Incorporation) Act 1957 [Act 375]; “liabilities” means liabilities, debts, charges, duties and obligations of every description (whether present or future, actual or contingent, and whether payable or to be observed or performed in Malaysia or elsewhere); “Minister” means the Minister for the time being charged with the responsibility for matters relating to post; “property” includes all property, movable or immovable, and all estates, interests, easements and rights, whether equitable or legal in, to or out of property, choses-in-action, money and goodwill; and “vested”, in relation to property, includes rights to property which are future or contingent and rights in reversion and remainder; “rights” means all rights, powers, privileges and immunities, whether actual, contingent or prospective; “successor company” means the company to which property, rights and liabilities in respect of postal services, to which the Government of Malaysia was entitled or subject to, are from time to time transferred to and vested in by the order made by the Minister under section 3; “vesting date” means the date on which property, rights and liabilities in respect of postal services, to which the Government of Malaysia was entitled or subject to, are transferred to and vested in the successor company as specified by the Minister in the order under subsection 3(1).

Postal Services (Successor Company) Act 1991 Part I — Preliminary

s 1

s 2

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