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Preservation of certain continuing contracts and adaptation of certain references to Minister for Agriculture, Fisheries and Food in certain documents.
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3.— (1) Every bond, guarantee or other security of a continuing nature made or given—
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(a) by or on behalf of the Minister for Agriculture, Fisheries and Food to any person in the performance of a function transferred by this Act from that Minister to the Minister for the Environment, Community and Local Government, or
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(b) by any person to the Minister for Agriculture, Fisheries and Food and accepted by or on behalf of that Minister in the performance of a function so transferred,
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and in force immediately before the passing of this Act, and every contract or agreement in writing made between the Minister for Agriculture, Fisheries and Food in the performance of a function so transferred and another person and in force but not fully executed and completed immediately before such passing, shall continue in force on and after such passing and shall be construed and have effect as if, to the extent that the functions are so transferred, the name of the Minister for the Environment, Community and Local Government were substituted therein for that of the Minister for Agriculture, Fisheries and Food and such security, contract or agreement shall be enforceable to that extent by or against the Minister for the Environment, Community and Local Government.
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(2) References to the Minister for Agriculture, Fisheries and Food contained immediately before the passing of this Act in the memorandum and articles of association of any company and relating to a function transferred by this Act shall, on and after that date, be construed to the extent of such transfer as references to the Minister for the Environment, Community and Local Government.
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