Section 3
of National Defence Fund (Dissolution and Transfer) Act 1984
Section 3
The National Defense Fund shall, on the commencement of this Act, be dissolved and all moneys, securities and other assets standing to its credit in the trust account maintained in respect of it under section 9 of the Financial Procedure Act 1957, or otherwise belonging to or due to be paid into the said Fund, immediately before the commencement of this Act shall, on the commencement of this
Act, be transferred to the National Heroes Welfare Trust Fund and vest in the trustee of the said Trust Fund, and such transfer and vesting shall have effect without any document of transfer, conveyance or assignment whatsoever.
(2)
The moneys, securities and other assets transferred under subsection (1) shall be held in trust and utilized under the National
Heroes Welfare Trust Fund in accordance with the terms and for the purposes, as may for the time being, be set out in the Instrument of
Trust in respect thereof.
(3)
All rights and liabilities which immediately before the commencement of this Act were those of the National Defence Fund shall, on the commencement of this Act, devolve on the National
Heroes Welfare Trust Fund.
7
Act 305
LIST OF AMENDMENTS
Amending law
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8
Act 305
LIST OF SECTIONS AMENDED
Section
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