7. Successor of Corporation

Terms defined in s 2

• Corporation

  Corporation

  Defined · s 2

  “CISCO” or “Corporation” means the Commercial and Industrial Security Corporation established under the repealed Act;

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• liabilities

  liabilities

  Defined · s 2

  “liabilities” includes debts, duties and obligations of every description wheresoever arising (whether present or future, actual or contingent);

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• successor company

  successor company

  Defined · s 2

  “successor company” means the company nominated by the Minister under section 4;

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• undertaking

  undertaking

  Defined · s 2

  “undertaking” means the business and all the lands, buildings and other property (whether movable or immovable and whether tangible or intangible) vested in the Corporation immediately before the transfer date for the purposes of the Corporation, and all assets, powers, rights, interests, privileges, debts, liabilities and obligations connected therewith.

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