sec.77Assets and liabilities etc.

### sec.77 Assets and liabilities etc. On the commencement— the assets and liabilities of the Gold Coast student body immediately before the commencement vest in the student guild; and any contracts entered into by or for the Gold Coast student body and all guarantees, undertakings and securities given by, for or to the Gold Coast student body, in force immediately before the commencement, are taken to have been entered into or given by, for or to the student guild and may be enforced against or by the student guild. s 77 prev s 77 exp 13 March 2000 (see s 85) pres s 77 ins 2002 No. 75 s 54 - (a) the assets and liabilities of the Gold Coast student body immediately before the commencement vest in the student guild; and - (b) any contracts entered into by or for the Gold Coast student body and all guarantees, undertakings and securities given by, for or to the Gold Coast student body, in force immediately before the commencement, are taken to have been entered into or given by, for or to the student guild and may be enforced against or by the student guild.