287J
In forceAllocation of property etc. subject to encumbrances
Part 13AProcess for transfer of property etc. of Authorities
287J Allocation of property etc. subject to encumbrances
Unless an allocation statement otherwise provides, where, under this Part—
(a)
property or rights vest in; or
(b)
liabilities become liabilities of—
a transferee in accordance with an allocation statement—
(c)
the property or rights so vested are subject to the encumbrances (if any) to which the property or rights were subject immediately before so vesting; and
(d)
the rights to which the transferor was entitled in respect of those liabilities, immediately before they ceased to be liabilities of the transferor, vest in the transferee.
S. 287K inserted by No. 85/2006 s. 120.
Research tools for this sectionSubscription
The statute text is free to read above. View subscription options to unlock the case-law research tools for each provision.