Definitions
8 Definitions
In this Part—
appointed day means the day on which the Crown grant is issued under section 9;
former Society property means property, rights or liabilities of the Society that, under this Part, have vested in or become property, rights or liabilities of the approved corporation;
instrument includes a document and an oral agreement;
liabilities means all liabilities, duties and obligations, whether actual, contingent or prospective;
property means any legal or equitable estate or interest (whether present or future and whether vested or contingent) in personal property of any description;
rights means all rights, powers, privileges and immunities, whether actual, contingent or prospective;
Society instrument means an instrument subsisting immediately before the appointed day—
to which the Society was a party; or
that was given in favour of the Society; or
that refers to the Society; or
under which—
money is or may become payable to or by the Society; or
other property is to be or may become liable to be transferred to or by the Society.
This Act’s bill:Second reading speech
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