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103. Every contract, agreement or arrangement, entered into by a Director or any trustee or agent acting on its behalf and any other person, that is in force immediately before the dissolution day shall, on and after that day, continue in force and be construed and have effect as if the name of the relevant Minister were substituted for that of the Director, trustee or agent, as the case may be, and shall be enforceable by or against the relevant Minister.
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