11
CurrentAssets, contractual rights and obligations, and liabilities not transferred on the transfer day
11 Assets, contractual rights and obligations, and liabilities not transferred on the transfer day
Any assets, rights and obligations under any contract, and liabilities, of the Corporation that are not transferred to the Development Corporation on or before the dissolution of the Corporation become assets, rights and obligations, and liabilities, of the Crown.
Note
This section does not apply in respect of development covenants—see section 17.
This Act’s bill:Second reading speech
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