Suggest a correction

Transfer of Government’s and Board’s property, assets and liabilities to Authority

Urban Redevelopment Authority Act

What needs fixing?

Wrong or mistyped textWrong structure or numberingWrong title or detailsDuplicated content

Proposed text

—(1) Upon the commencement of this Act —(a)the Urban Renewal Department being a department of the Board and operating under its control shall cease to exist;(b)the Authority shall exercise and perform all the powers, functions and duties of the Urban Renewal Department; and(c)there shall be transferred to the Authority for the purposes of this Act, such lands, buildings and other property, movable or immovable, powers, rights, interests and privileges, obligations and liabilities vested in, belonging to or incurred by the Government and the Board as the Minister may think fit, and all lands, buildings and other property, powers, rights and interests so transferred shall vest in the Authority without further assurance or assignment.(2) Upon such transfer, all debts, liabilities and obligations in connection with or appertaining to the lands, buildings and other property referred to in subsection (1)(c) shall also be transferred to and be deemed to have been incurred by the Authority.(3) In any document, unless the context otherwise requires, a reference to the Urban Renewal Department shall be construed as a reference to the Authority.(4) Where in any document there is a reference to the Government, the Board or the Collector in connection with or in relation to the performance or exercise of one or more of the functions, duties or powers that are imposed or conferred on the Authority by this Act the document shall have effect as if the Authority had originally been referred to therein instead of the Government, the Board or the Collector, as the case may be.(5) All deeds, bonds, agreements, instruments and working arrangements, subsisting immediately before the commencement of this Act, affecting any of the property, rights, interests, liabilities and obligations transferred to, vested in or deemed to have been incurred by the Authority under this Act, shall have effect against or in favour of the Authority, and be enforceable as fully and effectually as if, instead of the Government or the Board or a person acting on behalf of the Government or the Board, the Authority had been named therein or had been a party thereto.(6) A proceeding or cause of action pending or existing immediately before the commencement of this Act by or against the Government or the Board in respect of any property, right, power, interest, liability or obligation which under and by virtue of this Act is transferred to, vested in or deemed to have been incurred by the Authority, may be continued and enforced by or against the Authority as it might have been by or against the Government or the Board, as the case may be, had this Act not come into operation.

What's the problem? (required)

Source link (optional)

Open the official source PDF to compare

Describe the problem (and edit the text or pick an issue type) to submit.

Suggestions are submitted anonymously — no account or personal information is required or sent.