95Vesting of property etc. subject to encumbrances

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95 Vesting of property etc. subject to encumbrances

If, under this Part, property and rights vest in Development Victoria or liabilities become liabilities of Development Victoria—

(a) the property and rights so vested are subject to the encumbrances (if any) to which they were subject immediately before vesting; and

(b) the rights to which the former agency was entitled in respect of those liabilities immediately before they ceased to be liabilities of that agency vest in Development Victoria.

New s. 96 inserted by No. 10/2017 s. 21.

Section 95 - Development Victoria Act 2003 - Vesting of property etc. subject to encumbrances | Zoe