69
CurrentAssets and liabilities
Part 8Repeal and transitional provisions
Division 1Repeal provision, and transitional provisions before the University Legislation Amendment Act 2005
69 Assets and liabilities
On the commencing day—
(a)
the assets and liabilities of a former corporation continue to be the assets and liabilities of the continuing corporation for the former corporation; and
(b)
any property that, immediately before the commencing day, was held in trust by a former corporation continues to be held by the continuing corporation for the former corporation on the same trusts.
This Act’s bill:Explanatory memorandum
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