sec.34Dissolution of entity

### sec.34 Dissolution of entity On receiving the request under section 33 (Request to dissolve entity), the chief executive may, by gazette notice— dissolve the incorporated church entity; and vest the assets and liabilities of the entity in the successor entity. The assets and liabilities vest in the successor entity without a transfer. Assets vested in the successor entity remain subject to any debt, liability, trust or obligation affecting the assets. The chief executive must give a copy of the gazette notice to the Corporation of the Bishops. (sec.34-ssec.1) On receiving the request under section 33 (Request to dissolve entity), the chief executive may, by gazette notice— dissolve the incorporated church entity; and vest the assets and liabilities of the entity in the successor entity. (sec.34-ssec.2) The assets and liabilities vest in the successor entity without a transfer. (sec.34-ssec.3) Assets vested in the successor entity remain subject to any debt, liability, trust or obligation affecting the assets. (sec.34-ssec.4) The chief executive must give a copy of the gazette notice to the Corporation of the Bishops. - (a) dissolve the incorporated church entity; and - (b) vest the assets and liabilities of the entity in the successor entity.