Minerals Company Act, 1945
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Transfer of liabilities of dissolved company. |
8.—(1) Every debt and other liability (including unliquidated liabilities arising from torts or breaches of contract) which immediately before the transfer date is owing and unpaid or has been incurred and is undischarged by the dissolved company shall, on the transfer date, become and be the debt or liability of the continuing company and shall be paid or discharged by and may be recovered from or enforced against the continuing company accordingly. | |
(2) Notwithstanding the repeal of the Slievardagh Coalfield Development Act, 1941 (No. 8 of 1941), sections 10 and 11 of that Act shall on and after the transfer date continue to apply, in respect of any sums advanced to the dissolved company under section 9 of the said Act and unpaid immediately before the transfer date, with the modification that the references in the said sections 10 and 11 to the dissolved company shall be construed as references to the continuing company. |