172Validity of things done under this Part

172 Validity of things done under this Part (1) Nothing effected by this Division or done or suffered by VCA, a Minister or the new corporation under this Division— (a) is to be regarded as placing VCA, a Minister or the new corporation in breach of contract or confidence or as otherwise making any of them guilty of a civil wrong; or (b) is to be regarded as placing any of them in breach of or as constituting a default under any Act or other law or any provision in any agreement, arrangement or understanding including, without limiting the generality of the foregoing, any provision prohibiting, restricting or regulating the assignment or transfer of any property or the disclosure of any information; or (c) is to be regarded as fulfilling any condition which allows a person to exercise a right or remedy in respect of or to terminate any agreement or obligation; or (d) releases any surety or other obligor wholly or in part from any obligation. (2) The validity of any act or transaction of VCA or the new corporation must not be called in question in any proceedings on the ground that any provision of this Division had not been complied with. New s. 173 inserted by No. 23/2003 s. 24.