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Transfer of rights and liabilities and continuation of leases, licences and permissions granted by Director
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102. (1) All rights and liabilities of a Director arising by virtue of any contract or commitment (expressed or implied) entered into by it before the dissolution day shall, on that day, stand transferred to the relevant Minister.
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(2) Every right and liability transferred by subsection (1) to the relevant Minister may, on and after the dissolution day, be sued on, recovered or enforced by or against him or her in his or her own name, and it shall not be necessary for the relevant Minister or the Director to give notice to any person of the transfer of any such right or liability.
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(3) Every lease, licence, wayleave or permission granted by a Director in relation to land or other property vested in the relevant Minister and in force immediately before the dissolution day, shall continue in force on and after that day as if granted by the relevant Minister.
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