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Electricity Industry (Residual Provisions) Act 1993
120Allocation of property etc. subject to encumbrances
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120 Allocation of property etc. subject to encumbrances
a distribution company or other person—
(c) the property and rights so vested are subject to the encumbrances (if any) to which they were subject immediately before so vesting; and
(d) the rights to which ESV was entitled in respect of those liabilities immediately before they ceased to be liabilities of ESV vest in the distribution company or other person.
S. 121 substituted by No. 53/1994 s. 24.