Related agreements may be transferred
61QJ Related agreements may be transferred
A plantation licensee that transfers its rights and obligations under a plantation licence to another corporation (new licensee) as provided under section 61QI may also transfer a related agreement to the new licensee—
with the chief executive’s approval; and
if permitted under the plantation licence and the related agreement.
A transfer of a related agreement in accordance with subsection (1) is effective to transfer the obligations of the plantation licensee under the related agreement to the new licensee despite any rule of law to the contrary.
If the chief executive decides to refuse to approve the transfer of a related agreement, the plantation licensee must be given a written notice of the decision and the reasons for it.
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