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The Bangladesh Abandoned Property (Control, Management and Disposal) Order, 1972 (President's Order)


5. (1) For the purpose of carrying the provisions of this Order into effect, and in particular for the purpose of securing, administration, control, management and disposal, by transfer or otherwise, of abandoned property, the Government may take such measures as it considers necessary or expedient and do all acts and incur all expenses necessary or incidental thereto.
(2) Without prejudice to the generality of the foregoing provisions, the Government may, for the said purposes,-
(a) constitute one or more Boards for such area or areas or for such abandoned property or such class or classes of abandoned properties and in such manner as may be prescribed;
(b) appoint an administrator for any abandoned property on such terms and conditions as may be prescribed;
(c) carry on the business in respect of any abandoned property;
(d) take action for recovering any money in respect of any abandoned property;
(e) make any contract and execute any document in respect of any abandoned property;
(f) institute, defend or continue any suit or other legal proceeding, refer any dispute to arbitration and compromise any debts, claims or liabilities arising out of or in connection with any abandoned property;
(g) raise on the security of any abandoned property such loans as may be necessary;
(h) pay taxes, duties, cesses and rates to the Government or to any local authority in respect of abandoned property; and
(i) transfer by way of sale, mortgage or lease, or otherwise dispose of, any abandoned property or any easement, interest, profit or right, present or future, arising therefrom or incidental thereto.

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Ministry of Law, Justice and Parliamentary Affairs