Singapore legislation

Clause 14

of Port of Singapore Authority Ordinance

Clause 14

Transfer of Singapore Harbour Board’s assets and liabilities to the Authority

(1)

Upon the coming into operation of this Ordinance, all lands, buildings and other property, movable and immovable, of the Singapore Harbour Board, including all assets, powers, rights, interests and privileges of the said Board shall be transferred to and vest in the Authority without further assurance.

(2)

Upon such transfer, all debts, liabilities and obligations of the Singapore Harbour Board shall also be transferred to and be deemed to have been incurred by the Authority.

Read in full context — Port of Singapore Authority Ordinance →