41. Confirmation of undertaking transferred

Terms defined in this Act

• asset

  asset

  Defined · s 36

  “asset”, in relation to the transferor, means property of any kind (whether tangible or intangible, whether arising from, accruing under, created or evidenced by or the subject of an instrument or otherwise, and whether present, future or contingent) of the transferor on the eve of the transfer date and includes, without limitation —(a)a legal or equitable interest in real or personal property;(b)a chose in action;(c)a security;(d)money;(e)intellectual property;(f)infrastructure, plant and equipment;(g)records and information (including data) in any form; and(h)a right;

  Open s 36
• Corporation

  Corporation

  Defined · s 2

  “Corporation” means the Jurong Town Corporation established under section 3;

  Open s 2
• Industrial Properties Group

  Industrial Properties Group

  Defined · s 36

  “Industrial Properties Group” means the department of the transferor known as the Industrial Properties Group;

  Open s 36
• liability

  liability

  Defined · s 36

  “liability”, in relation to the transferor, means any liability, duty or obligation (whether actual or contingent, liquidated or unliquidated, and whether owed alone or jointly or jointly and severally with any other person) of the transferor on the eve of the transfer date;

  Open s 36
• transfer date

  transfer date

  Defined · s 36

  “transfer date” means 1 January 2018;

  Open s 36
• transferor

  transferor

  Defined · s 36

  “transferor” means the Housing and Development Board constituted under the Housing and Development Act 1959;

  Open s 36