Singapore legislation

Clause 13

of Vocational and Industrial Training Board Bill

Clause 13

Transfer to the Board of property, assets and liabilities

(1)

Upon the coming into operation of this Part —

(a)

all lands, buildings and other properties, movable or immovable, rights, interests, privileges, obligations and liabilities vested in, belonging to or incurred by the Lembaga or the Industrial Training Board; and

(b)

such lands, buildings and other properties, movable or immovable, vested in or belonging to the Government as the Minister may, after consultation with the Minister for Finance, determine,shall be transferred to and vested in the Board without further assurance.

(2)

All rights, interests, privileges, obligations and liabilities which immediately before the date of the coming into operation of this Part were held, enjoyed or incurred in connection with or appertaining to the lands, buildings and other properties, movable or immovable, transferred under paragraph (b) of subsection (1) shall be deemed to be the rights, interests, privileges, obligations and liabilities of the Board.

(3)

If any question arises as to which property, movable or immovable, has been transferred to and vested in the Board under subsection (1), a certificate under the hand of the Minister shall be conclusive evidence of the vesting of such property in the Board.

Read in full context — Vocational and Industrial Training Board Bill →