Perbadanan Stadium Malaysia 2010 s 3

s 3 The Perbadanan and its objectives

(1) A body corporate by the name of “Perbadanan Stadium Malaysia” is established. (2) The Perbadanan shall have perpetual succession and a common seal and may sue and be sued in its name. (3) Subject to and for the purposes of this Act, the Perbadanan may, upon such terms as it deems fit— (a) enter into contracts; (b) acquire, purchase, take, hold and enjoy movable and immovable property of every description; and (c) convey, assign, surrender, yield up, charge, mortgage, demise, lease, reassign, transfer or otherwise dispose of, or deal with, any movable or immovable property or any interest vested in the Perbadanan. (4) The objectives of the Perbadanan are to develop, operate and manage the stadiums in accordance with the standards determined by the Perbadanan.

Malay text (authoritative)

Perbadanan dan objektifnya

(1) Suatu pertubuhan perbadanan dengan nama “Perbadanan Stadium Malaysia” ditubuhkan. (2) Perbadanan adalah kekal turun-temurun dan mempunyai suatu meterai perbadanan dan boleh membawa guaman dan dibawa guaman terhadapnya atas nama perbadanannya. (3) Tertakluk kepada dan bagi maksud Akta ini, Perbadanan boleh, atas apa-apa terma yang disifatkannya patut— (a) membuat kontrak; (b) memperoleh, membeli, mengambil, memegang dan menikmati apa-apa jenis harta alih dan harta tak alih; dan (c) memindahhakkan, menyerahhakkan, menyerahkan, memulangkan, menggadai, menggadai janji, mendemis, memajakkan, menyerahhak semula, memindahkan atau selainnya melupuskan, atau memperlakukan, mana-mana harta alih atau harta tak alih atau apa-apa kepentingan yang terletak hak pada Perbadanan. (4) Objektif Perbadanan adalah untuk membangunkan, mengendalikan dan menguruskan stadium mengikut standard yang ditentukan oleh Perbadanan.

Read this section in the full act → · Open Part II →

Find Act 717 on lom.agc.gov.my ↗

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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