Singapore legislation
Clause 18
Clause 18
Amendment of Civil Aviation Authority of Singapore Act 2009
The Civil Aviation Authority of Singapore Act 2009 (Act 17 of 2009) is amended —
by inserting, immediately after subsection (4) of section 27, the following subsection:“(4A) All assets, powers, rights, interests, privileges, debts, liabilities and obligations connected with the part of the excluded property transferred to the successor company under subsection (4)(a) shall be deemed, on the transfer date, by virtue of this section and without further assurance, to have become the assets, powers, rights, interests, privileges, debts, liabilities and obligations of the successor company.”; and
by inserting, immediately after the words “in connection” in section 84(2), the words “with his functions of management as if he were a director of the body corporate”.