95
In forceVesting of property etc. subject to encumbrances
Part 10Transitional provisions—transfer of nominated projects to Development Victoria
95 Vesting of property etc. subject to encumbrances
If, under this Part, property and rights vest in Development Victoria or liabilities become liabilities of Development Victoria—
(a)
the property and rights so vested are subject to the encumbrances (if any) to which they were subject immediately before vesting; and
(b)
the rights to which the former agency was entitled in respect of those liabilities immediately before they ceased to be liabilities of that agency vest in Development Victoria.
New s. 96 inserted by No. 10/2017 s. 21.
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