Section 14

Every property, rights, interest, obligation and liability transferred to and vested in the Commission shall be transferred to and vested in the Authority for the like title, estate or interest and on the like tenure as the property, rights, interest, obligation and liability were vested or held before the vesting date.

Any land which before the date of coming into operation of this Act were vested in the Commission shall, on the vesting date, be vested in the Authority.

Where by virtue of subsection (1), any property transferred to and vested in the Authority, the provisions of Part Thirty of the National Land Code [Act 828] shall, for the purpose of effecting the registration of such vesting, apply to the Authority.

Any property and asset other than land which before the date of coming into operation of this Act were vested in the Commission shall, on the vesting date, be vested in the Authority.

In the case of properties, rights, interests, obligations and liabilities arising under any loan which are vested in the Authority on the vesting date, the Authority may enter into agreements or arrangements over the properties, rights, interests, obligations and liabilities with any other person.