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Continuance of pending legal proceedings.
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36.—In every action, suit or proceedings which is pending on the transfer date in any court or tribunal and to which the dissolved company is a party, the Board shall on the transfer date become and be a party in the place of the dissolved company and such proceedings shall be continued between the Board and the other parties thereto accordingly and no such proceedings shall abate or be discontinued or prejudicially affected by reason of the dissolution of the dissolved company.
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