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Section 5

Transfer of property

of Planters' Loans Fund (Dissolution) Act 1981

ActIn forceProvision 5 of 10
Section 5

All movable and immovable property and other assets which immediately before the commencement of this Act were vested in the

Fund shall, on the commencement of this Act, and without any conveyance, assignment or transfer whatever, vest in the Bank for the like title, estate or interest and on the like tenure and for the like purposes as the same was vested or held immediately before the commencement of this Act.

Planter’s Loans Fund (Dissolution) 7