Singapore legislation

Section 8

of National Maritime Board Act

Section 8

Transfer to Board of Government properties

(1)

There may be transferred to the Board for the purposes of this Act, such lands, buildings and other property, movable or immovable, vested in or belonging to the Government as the Minister for Finance may think fit, and any lands, buildings and other property so transferred shall vest in the Board without further assurance.

(2)

Upon such transfer, all debts, liabilities and obligations in connection with or appertaining to such lands, buildings and other property shall also be transferred to and be deemed to have been incurred by the Board.