9Transfer of assets etc of the old board

9 Transfer of assets etc of the old board

9 Transfer of assets etc of the old board

On 1 June 1990, the following provisions are to be taken to have had effect—

(a) all real and personal property (including any estate or interest in, or right to control or manage, real or personal property) that, immediately before that date, was vested in the old board became vested in the SAS Board,

(b) all money that, immediately before that date, was payable to the old board became payable to the SAS Board,

(c) any liquidated or unliquidated claim that, immediately before that date, was enforceable by or against the old board became enforceable by or against the SAS Board,

(d) any proceeding that was pending immediately before that date at the suit of or against the old board became a proceeding pending at the suit of or against the SAS Board,

(e) any contract or arrangement entered into with the old board and in force immediately before that date became a contract or arrangement entered into with the SAS Board,

(f) any security or charge given to or by the old board and in force immediately before that date became a security or charge given to or by the SAS Board,

(g) any act, matter or thing that was done or had been omitted to be done before that date by, to or in respect of the old board is (to the extent that that act, matter or thing has any effect) to be taken to have been done or omitted to have been done by, to or in respect of the SAS Board.