ASSOCIATIONS INCORPORATION ACT 2009 - SECT 9
Continuity of incorporation of former registrable corporations
ASSOCIATIONS INCORPORATION ACT 2009 - SECT 9
Continuity of incorporation of former registrable corporations
(1) An association that arises from the registration of a
registrable corporation is a continuation of, and the same legal entity as,
the registrable corporation.
(2) Without limiting subsection (1)-- (a) the
assets, rights and liabilities of the registrable corporation become the
assets, rights and liabilities of the association, and
(b) proceedings that
have been commenced by or against the registrable corporation may be continued
by or against the association in its own name or in the name of the
registrable corporation.