sec.14AVesting of property on cancellation of incorporation of particular incorporated associations

sec.14A Vesting of property on cancellation of incorporation of particular incorporated associations

The property of each former association mentioned in schedule 5A is vested in the public trustee. The number appearing after a former association’s name is the number the chief executive had administratively assigned to the former association. For the vesting of property on the cancellation of incorporation of an incorporated association, see section 94 of the Act . Property of a former association mentioned in schedule 5B , column 1, that is vested in the public trustee under subsection (1) is divested from the public trustee and vested in the person or incorporated association shown opposite the former association in schedule 5B , column 2, on trust for the purposes of the association mentioned in column 2. The number appearing after an incorporated association’s name is the number the chief executive has administratively assigned to the incorporated association. If more than one person or incorporated association is shown in schedule 5B , column 2, for a particular former association shown in schedule 5B , column 1, the property of the former association is vested in each particular incorporated association shown opposite the particular former association in equal shares. In this section— former association means an incorporated association whose incorporation has been cancelled under section 93 of the Act . s 14A ins 2002 SL No. 272 s 3 amd 2016 SL No. 85 s 118 sch 1 (sec.14A-ssec.1) The property of each former association mentioned in schedule 5A is vested in the public trustee. The number appearing after a former association’s name is the number the chief executive had administratively assigned to the former association. For the vesting of property on the cancellation of incorporation of an incorporated association, see section 94 of the Act . (sec.14A-ssec.2) Property of a former association mentioned in schedule 5B , column 1, that is vested in the public trustee under subsection (1) is divested from the public trustee and vested in the person or incorporated association shown opposite the former association in schedule 5B , column 2, on trust for the purposes of the association mentioned in column 2. The number appearing after an incorporated association’s name is the number the chief executive has administratively assigned to the incorporated association. (sec.14A-ssec.3) If more than one person or incorporated association is shown in schedule 5B , column 2, for a particular former association shown in schedule 5B , column 1, the property of the former association is vested in each particular incorporated association shown opposite the particular former association in equal shares. (sec.14A-ssec.4) In this section— former association means an incorporated association whose incorporation has been cancelled under section 93 of the Act .

• • The number appearing after a former association’s name is the number the chief executive had administratively assigned to the former association.