Section 20: Transfer of assets and liabilities
consolidated text (as at 2018, amended since). juris shows the text as it was consolidated; it does not confirm that this is the law in force today.
20. Transfer of assets and liabilities
(1) The Government shall, on a day to be fixed by regulations made by
the Minister, transfer to the Corporation such assets as may be specified in
the regulations.
(2) A contract, entered into by or on behalf of Government and specified
by the Minister, shall have effect as if it has been entered into on the same
terms and conditions by the Corporation and a right, obligation, liability or
arrangement subsisting in favour of or against Government shall continue to
exist in favour of or against the Corporation.