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Transfer of liabilities.
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10.—Every debt and other liability (including unliquidated liabilities arising from torts or breaches of contract) arising out of the exercise or performance by the Authority of their duties, powers and functions under the Act of 1956 which immediately before the commencement day is owing and unpaid or has been incurred and is undischarged by the Authority shall, on the commencement day, become and be the debt or liability of the Board and shall be paid or discharged by and may be recovered from or enforced against the Board accordingly.
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