233Transfer of property liabilities contracts debts causes of actions leases etc. to Corporation

233 Transfer of property liabilities contracts debts causes of actions leases etc. to Corporation

Without affecting the generality of section 232 the following provisions shall have effect on and from 1 July 1989:

S. 233(a) amended by No. 44/1989 s. 28(1)(b).

(a) All real and personal property whatsoever including without affecting the generality of the foregoing all land buildings undertakings machinery and plant and all choses in action and all moneys and all interests rights benefits and advantages appurtenant to connected with or relating to all or any of the same vested in a former Authority shall be vested in the relevant successor Corporation for the appropriate purpose under this Act;

S. 233(b) amended by No. 44/1989 s. 28(1)(b).

(b) All liabilities of a former Authority in respect of all outstanding principal moneys together with outstanding and future interest thereon lawfully advanced to or borrowed by the former Authority shall be transferred to and be borne and discharged by the relevant successor Corporation;

S. 233(c) amended by No. 44/1989 s. 28(1)(a)–(c).

(c) All contracts deeds bonds agreements arrangements and other instruments lawfully made or entered into by or on behalf of or in relation to a former Authority and in force immediately before 1 July 1989 shall be as binding and of as full force and effect in favour of or against or in relation to the relevant successor Corporation as they would have been in favour of or against or in relation to the former Authority if the Transport (Amendment) Act 1989 had not been passed and may be enforced as fully and effectually as if the same had been made or entered into by or on behalf of or in relation to the relevant successor Corporation;

S. 233(d) amended by No. 44/1989 s. 28(1)(a)(b).

(d) All debts lawfully incurred by or owing by or to a former Authority and due and owing immediately before 1 July 1989 shall be deemed to have been incurred by or owing by or to the relevant successor Corporation and may be recovered from or by the relevant successor Corporation accordingly;

S. 233(e) amended by No. 44/1989 s. 28(1)(a)–(c).

(e) All actions causes of action proceedings and claims for compensation (including any claim for arbitration thereon or appeal therefrom or proceeding thereunder or matter arising thereout) immediately before 1 July 1989 pending or existing by or against a former Authority shall not abate or be discontinued or be in any way prejudicially affected by reason of this Part but may be continued prosecuted and enforced by or against the relevant successor Corporation as they might have been by or against the former Authority if the Transport (Amendment) Act 1989 had not been passed and not further or otherwise;