Singapore legislation

Section 25

of Standards, Productivity and Innovation Board Act

Section 25

Transfer to Board of property, assets and liabilities of National Productivity Board and Singapore Institute of Standards and Industrial Research

(1)

As from 1st April 1996, all movable and immovable property vested in —

(a)

the National Productivity Board; and

(b)

the Singapore Institute of Standards and Industrial Research,and all assets, interests, rights, privileges, liabilities and obligations of the National Productivity Board and the Singapore Institute of Standards and Industrial Research shall be transferred to and shall vest in the Board without further assurance.

(2)

Any immovable property to be transferred to and vested in the Board under subsection (1) shall be held by the Board upon such tenure and subject to such terms and conditions as the President may determine.[24

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