Land Development Agency Act 2021

Provisions consequent upon transfer of functions, assets and liabilities to Agency

44. (1) Anything commenced and not completed before the dissolution day by or under the authority of the dissolved body may, in so far as it relates to a function of the dissolved body transferred under this Act, be carried on or completed on or after the dissolution day by the Agency.

(2) Every instrument made under an enactment and every document (including any certificate) granted or made by the dissolved body shall, if and in so far as it was operative immediately before the dissolution day, have effect on and after that day as if it had been granted or made by the Agency.

(3) References to the dissolved body in the constitution of any company and relating to a function transferred by this Act shall, on and after the dissolution day, be construed as references to the Agency.

(4) Any money, stocks, shares or securities transferred by section 38 that, immediately before the dissolution day, were standing in the name of the dissolved body shall, on and after that day, on the request of the Agency, be transferred into the name of the Agency.

(5) A certificate signed by the Minister that any property, right or liability has or, as the case may be, has not vested under section 38 or 39 in the Agency shall be sufficient evidence, unless the contrary is shown, of the fact so certified for all purposes.