Singapore legislation
Clause 149
Clause 149
Vesting of property in Society
(1)
All property and assets of the Bar Committee shall upon the coming into operation of Part V of this Act be vested in the Society without further act or formality.
(2)
All property and assets of the Compensation Fund maintained and administered by the Bar Committee under section 41D of the Ordinance shall upon the coming into operation of Part V of this Act vest in the Society without further act or formality and shall be carried into the credit of the Compensation Fund established under section 78 of this Act.