This legislation has been repealed.
75—Transfer of property and dissolution of Board
(1) On the
relevant date—
(a) the
property and rights of the Board, wherever located, other than property and
rights in pooled grain or which relate to pooled grain or in shares in
ABB Grain Ltd, vest in ABB Grain Ltd; and
(b) the
liabilities of the Board, wherever located, other than liabilities in respect
of pooled grain, become liabilities of ABB Grain Ltd.
(2) On the
relevant date—
(a) the
property and rights of the Board, wherever located, in pooled grain or which
relate to pooled grain vest in ABB Grain Export Ltd; and
(b) the
liabilities of the Board, wherever located, in respect of pooled grain, become
liabilities of ABB Grain Export Ltd.
(3) The Board is
dissolved on the day after the relevant date.