sec.23Transfer of other assets, rights and liabilities

### sec.23 Transfer of other assets, rights and liabilities On incorporation of an association, the association’s assets, rights and liabilities become the incorporated association’s assets, rights and liabilities. A legal proceeding by or against the association that has not been finished before the incorporation of the association may be continued and finished by or against the incorporated association. However, an action about a deficit in the association’s funds before it incorporated may be started or continued against a trustee for, or committee member of, the association as if the association had not incorporated. The rights and liabilities of the parties to an action mentioned in subsection (3) are the rights and liabilities the parties would have had if the incorporation did not happen. s 23 ins 1995 No. 7 s 6 (sec.23-ssec.1) On incorporation of an association, the association’s assets, rights and liabilities become the incorporated association’s assets, rights and liabilities. (sec.23-ssec.2) A legal proceeding by or against the association that has not been finished before the incorporation of the association may be continued and finished by or against the incorporated association. (sec.23-ssec.3) However, an action about a deficit in the association’s funds before it incorporated may be started or continued against a trustee for, or committee member of, the association as if the association had not incorporated. (sec.23-ssec.4) The rights and liabilities of the parties to an action mentioned in subsection (3) are the rights and liabilities the parties would have had if the incorporation did not happen.