s 48 Nature of shares
The share or other interest of any member in a Langkawi company shall be movable property, transferable in the manner provided by the articles of association, and shall not be of the nature of immovable property.
Langkawi International Yachting Companies Act 2005 s 48
Langkawi International Yachting Companies Act 2005 s 48
Malay text (authoritative)
Jenis syer
Syer atau kepentingan lain mana-mana anggota dalam sesuatu syarikat Langkawi adalah harta alih, yang boleh dipindah hakmilik mengikut cara yang diperuntukkan oleh perkara persatuan, dan tidak boleh daripada jenis harta tak alih.
Text as at 1 January 2006 (LOM reprint); amendments made after that date may not be incorporated.
Source: Laws of Malaysia, Attorney General's Chambers of Malaysia (lom.agc.gov.my). Not a copy of the Gazette printed by the Government Printer (Interpretation Acts 1948 and 1967, s 61).
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