24Body corporate continued

24 Body corporate continued

(1)  The corporation sole constituted under section 8 (2) of the former Act continues in existence under the name of Living Marine Resources Corporation.

(2)  The identity, rights, obligations and assets of the corporation sole continue in existence.

(3)  Any real property acquired by, or vested in, the corporation sole under the former Act and not disposed of under that Act continues to be vested in the corporation sole.

(4)  The corporation sole –

(a) has perpetual succession with a common seal; and

(b) may sue and be sued in its corporate name; and

(c) may acquire, hold, dispose of and otherwise deal with property.

(5)  All courts and persons acting judicially are to take judicial notice of the imprint of the common seal of the corporation sole on a document and presume that it was duly sealed by the corporation sole.