Section 27
Transfer of fund, assets, property, rights, liabilities and obligations
of Malaysia Tourism Promotion Board Act 1992
ActIn forceProvision 27 of 32
Section 27
(1)
Subject to the provisions of this Act, all moneys standing in, and due to be paid to, the fund set up under section 8 of the repealed Act shall on the appointed day be transferred to the
Fund.
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(2)
All assets, property, rights, liabilities and obligations which immediately before the appointed day were those of the
Corporation shall as from that day devolve on the Board.