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University of the Sunshine Coast Act 1998
sec.71Assets and liabilities
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sec.71 Assets and liabilities
On the commencing day— the assets and liabilities of a former corporation continue to be the assets and liabilities of the continuing corporation for the former corporation; and any property that, immediately before the commencing day, was held in trust by a former corporation continues to be held by the continuing corporation for the former corporation on the same trusts.
- (a) the assets and liabilities of a former corporation continue to be the assets and liabilities of the continuing corporation for the former corporation; and
- (b) any property that, immediately before the commencing day, was held in trust by a former corporation continues to be held by the continuing corporation for the former corporation on the same trusts.