Disposal of property on dissolution
59 Disposal of property on dissolution
On the dissolution of the trust under this Part, the property, rights and liabilities of the trust vest in or attach to an irrigation trust or trusts specified for that purpose by the Minister in the notice of dissolution.
If in the opinion of the Minister it is not practicable or appropriate to vest the property and rights, or attach the liabilities, of the trust in or to an irrigation trust, the property, rights and liabilities of the trust will vest in or attach to, according to a determination of the
Minister—
the Crown; or
an agency or instrumentality of the Crown (including a
Minister).
This section operates subject to any provision made by a preceding section of this Part.
In this section—
irrigation trust means an irrigation trust constituted under the Irrigation
Act 2009;
notice of dissolution means—
in relation to a dissolution under section 57—the notice in the Gazette under section 57(5);
in relation to a dissolution under section 58—the notice served on the trust under section 58(4).
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