Chapter:	1040	Title:	PO LEUNG KUK ORDINANCE	Gazette Number:
Section:	5	Heading:	Vesting of property	Version Date:	30/06/1997

(1) All the immovable property vested in the Society at the commencement of this Ordinance shall continue to be vested in the corporation for the residue of the term of years created by the respective Crown leases, subject to the covenants, conditions, stipulations, exceptions, reservations, provisos and powers contained in and reserved by the said Crown leases.
(2) Any other property, interest, right and privilege vested in the Society at the commencement of this Ordinance shall continue to be vested in the corporation on the terms and conditions, if any, on which the same was vested at that date, and the corporation shall continue to be subject to the obligations and liabilities to which the Society was subject at the commencement of this Ordinance.