Victorian Consolidated Legislation

Grain Handling and Storage Act 1995 - SECT 26

PART 4 TRANSFER OF PROPERTY

Transfer of GEB property

26. Transfer of GEB property

On the completion date-

   (a)  the property and rights of GEB, wherever located, that, under the
        State Agreement, are to be transferred to the Purchaser, vest in the
        Purchaser subject to the encumbrances (if any) subject to which they
        are to be transferred in accordance with the State Agreement; and

   (b)  the liabilities of GEB, wherever located, that, under the State
        Agreement, are to become liabilities of the Purchaser, become such
        liabilities.