3. Establishment of Board

There is hereby established a board known as the Tabung Amanah

Pekerja Board which shall be a body corporate with perpetual succession and a common seal and shall, by that name, be capable of —

suing and being sued;

acquiring, owning, holding, developing or disposing of property, both movable and immovable; and

doing all such other acts or things as a body corporate may lawfully do.