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PORTS AND MARITIME ADMINISTRATION ACT 1995 - SECT 5 Dissolution of MSB and its subsidiaries

PORTS AND MARITIME ADMINISTRATION ACT 1995 - SECT 5

Dissolution of MSB and its subsidiaries

5 Dissolution of MSB and its subsidiaries

(1) The MSB, and each MSB subsidiary, is dissolved.
(2) The following Schedules have effect:
Schedule 1 (Transfer of assets, rights and liabilities of MSB and its subsidiaries)
Schedule 2 (Transfer of former MSB staff other than senior executives).