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Section 24

Vesting of properties

of Cheng Hoon Teng Temple (Incorporation) Act 1949

ActIn forceProvision 21 of 23
Section 24

(1)

The several persons mentioned in the third column of the

First and Second Schedules or the survivors or survivor of them or the personal representative or representatives of the last survivor of them, being the persons or person in whom are vested the respective estates and interests mentioned in the second column of these Schedules in the lands hereditaments and premises specified in the first column of the said Schedules, are hereby divested of such estates and interests and such estates and interests are hereby vested in the Corporation subject nevertheless to all conditions of tenure incident thereto and to any trust affecting the same but with full power, subject as aforesaid, for the Corporation as such Trustees to deal with the property so vested in accordance with this Act.

(2)

All moneys and movable property held by any person on behalf of the Cheng Hoon Teng Temple or any other temple deity or funds under its management or control and all moneys subscribed for the purposes of the Corporation and all properties movable purchased or agreed to be purchased with such moneys shall be vested in the Corporation and the same all subscriptions and donations to the Corporation shall be held by the Corporation in trust for the purposes in this Act declared.

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