QLDIn ForceAct
Trade and Investment Queensland Act 2013
sec.42Transfer of transferable assets and liabilities etc.
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sec.42 Transfer of transferable assets and liabilities etc.
On the transfer day— the State is divested of all transferable assets and liabilities and the transferable assets and liabilities become the assets and liabilities of TIQ; and any transferable instrument is taken to be an instrument to which TIQ is a party and may be enforced by or against TIQ; and transferable proceedings may be continued or started by or against TIQ.
- (a) the State is divested of all transferable assets and liabilities and the transferable assets and liabilities become the assets and liabilities of TIQ; and
- (b) any transferable instrument is taken to be an instrument to which TIQ is a party and may be enforced by or against TIQ; and
- (c) transferable proceedings may be continued or started by or against TIQ.