Liberation Education Trust Dissolution Enactment 1992

This Enactment may be cited as the Liberation Educational Trust (Dissolution)

Enactment 1992, and shall come into force on such date as the Minister may, by notification in the Gazette, appoint. [01.08.1993]

Interpretation.

"Committee" means the Committee of Management established under section 10 of the Ordinance;

"Corporation" means the Trust Corporation under the name of the Liberation

Educational Trust established under section 4(2) of the Ordinance;

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"Fund" means the Liberation Educational Trust Fund established under section 3 of the

Ordinance;

"Government" means the Government of the State of Sabah;

"Minister" means the Minister who is for the time being responsible for financial affairs in the State;

"Ordinance" means the Liberation Educational Trust Ordinance (Cap. 161).

Repeal of Cap. 161.

The Liberation Educational Trust Ordinance (Cap. 161) is hereby repealed, and the

Fund, the Corporation and the Committee are dissolved.

Transfer of powers, rights, liabilities and duties.

All powers, rights, privileges, duties, or obligations that immediately before the commencement of this Enactment were those of the Fund, the Corporation and the

Committee shall, as from the commencement of this Enactment, devolve on the Government.

Transfer of property.

Any movable or immovable property which immediately before the commencement of this Enactment was vested in the Fund, the Corporation and the Committee shall, upon such commencement, vest in the Government.

Transfer of fund.

Corporation or the Committee for the purposes of the Ordinance shall, upon the commencement of this Enactment, be transferred to and paid into the Consolidated Fund of the State without any instrument of transfer.

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Existing contracts.

All deeds, bonds, agreements, instruments or working arrangements subsisting immediately before the commencement of this Enactment in respect of any matter, or movable or immovable property, or asset shall continue to subsist and the Government shall have power to enforce any rights arising from or out of such deeds, bonds, agreements, instruments or working arrangements as if the Government had been named therein or been a party thereunder.

Civil proceedings.