s 46 Transfer of property
(1) Subject to the provisions of this Act, any land which immediately before the appointed date was held in the name of the Federal Lands Commissioner and occupied by the Akademi Seni Kebangsaan, shall on that date, by virtue of this Act be transferred to and vested in the Akademi without any conveyance, assignment or transfer whatever. (2) 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— (a) in the Government of Malaysia on behalf of the Akademi Seni Kebangsaan; or (b) in any person on behalf of or in respect of the Akademi Seni Kebangsaan; shall, on that date, vest in the Akademi established by this Act. (3) 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 Akademi established by this Act shall, on that date, be vested in the Akademi.