Contents of Section

Chapter:

1015 PDFTitle:FINANCIAL SECRETARY INCORPORATION ORDINANCEGazette Number:
Section:3Heading:Property and rights transferred to corporation to vest or remain vested in corporation and not to pass to personal representative of occupantVersion Date:30/06/1997

Notwithstanding any change in the occupant of the corporation, whether on account of death, departure on leave, return from leave, temporary employment elsewhere, resumption of duties, new appointment or other cause whatsoever, and notwithstanding the nature of the property or rights, all property and rights whatsoever, transferred to the corporation, or to any occupant of the corporation as such, in any manner whatsoever, shall vest or remain vested in the corporation so as to be capable of being dealt with by the occupant of the corporation for the time being and shall not vest in any occupant in his natural or personal capacity or pass to the personal representative of any occupant.