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Section 18

From the date of registration of conversion—

of Interest Schemes Act 2016

ActIn forceProvision 18 of 92
Section 18

(a)

all properties vested in the small scheme, all interests, rights, privileges, liabilities and obligations relating to the scheme, and the whole of the undertaking of the scheme, as the case may be, shall be transferred to and vest in the premium scheme without further assurance, act or deed; and

(b)

the small scheme shall cease.

Read in full context — Interest Schemes Act 2016 →