27. Transfer to Corporation of television and sound broadcasting undertakings of Government
Feedback & supportUpon the date of commencement of this Act, the television and sound broadcasting undertakings of the Government shall be transferred to and shall vest in the Corporation without further assurance.
television and sound broadcasting undertakings of the Government
“television and sound broadcasting undertakings of the Government” means —(a)all the lands, buildings and other property, movable or immovable, vested in and held by the Government immediately before the commencement of this Act for the purposes of television and sound broadcasting; and(b)all assets, powers, rights, interests and privileges as well as all debts, liabilities and obligations of the Government in connection therewith or appertaining thereto.
All rights, interests, privileges, obligations and liabilities which immediately before that date were held, enjoyed or incurred with or appertaining to the television and sound broadcasting undertakings of the Goverment transferred to the Corporation under subsection (1) shall be deemed to be the rights, interests, privileges, obligations and liabilities of the Corporation.
Corporation
“Corporation” means the Singapore Broadcasting Corporation established under section 3;
If any question arises as to whether any particular movable or immovable property, or whether any particular asset, power, right, interest, privilege, debt, liability or obligation has been transferred to or vested in the Corporation under subsection (1), a certificate under the hand of the Minister for Finance shall be conclusive evidence of such transfer or vesting.