Section 9

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

Any land which immediately before the date of commencement of this Act were vested in the Board shall, on the vesting date, be vested in the Federal Lands Commissioner for the purposes of the Government.

Where by virtue of subsection (1), any property is transferred to and vested in the Government, the provisions of Part Thirty of the National Land Code 1965 [Act 56 of 1965] shall, for the purpose of effecting the registration of such vesting, apply to the

Government.

Any property and asset, other than land, which immediately before the date of commencement of this Act were vested in the

Board shall, on the vesting date, be vested in the Government.

In the case of properties, rights, interests, obligations and liabilities arising under any loan which are vested in the

Government on the vesting date, the Government may enter into agreements or arrangements over the properties, rights, interests, obligations and liabilities with any other person.

Act 824