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Transfer of assets and liabilities of committees of agriculture to Minister.
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22.—(1) The following shall be and are hereby transferred to the Minister on the establishment day:
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(a) all property and rights held or enjoyed immediately before that day by a committee of agriculture,
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(b) all liabilities incurred before that day by a committee of agriculture that had not been discharged before that day,
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and, accordingly, without any further conveyance, transfer or assignment—
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(i) the said property, real and personal, shall on that day, vest in the Minister for all the estate or interest for which, immediately before that day, it was vested in a committee of agriculture but subject to all trusts and equities affecting the property and capable of being performed,
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(ii) the said rights shall, as on and from that day, be enjoyed by the Minister,
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(iii) the said liabilities shall, as on and from that day, be liabilities of the Minister.
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(2) All moneys, stocks, shares and securities transferred to the Minister by this section that, on the establishment day, are standing in the name of a committee of agriculture shall, upon the request of the Minister, be transferred into his name.
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(3) Every right and liability transferred by this section to the Minister may, on or after the establishment day, be sued on, recovered or enforced by or against the Minister in his own name and it shall not be necessary for the Minister to give notice to the person whose right or liability is transferred by that subsection of the transfer.
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(4) The assets transferred to the Minister by this section shall, after the discharge thereout of the liabilities so transferred, be disposed of in such manner as may be determined by the Minister and the Minister for the Environment with the consent of the Minister for Finance.
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