Trade Union Act, 1975
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Disposal of property on amalgamation or transfer. |
11.—(1) Subject to this section, where an instrument of amalgamation or transfer takes effect, the property held for the benefit of an amalgamating union or of a branch of such a union by the trustees of the union or branch, or for the benefit of a transferor trade union or of a branch of such a trade union by the trustees of the union or branch, shall without any conveyance, assignment or assignation vest on the instrument taking effect or on the appointment of the appropriate trustees, whichever is the later, in the appropriate trustees. | |
(2) Where any land of which the ownership is registered under the Registration of Title Act, 1964 , becomes vested by virtue of this section, the registering authority under that Act shall, upon payment of the appropriate fee, register the appropriate trustees in the appropriate register maintained under that Act as owner (within the meaning of that Act) of the land. | ||
(3) Subsection (1) shall not apply to property excepted from the operation of this section by the instrument of amalgamation or transfer. | ||
(4) In this section “the appropriate trustees” means— | ||
(a) in the case of property to be held for the benefit of a branch of an amalgamated union or for the benefit of a branch of the transferee union, the trustees of that branch, unless the rules of the amalgamated union or transferee union provide that the property to be so held shall be held by the trustees of the union, and | ||
(b) in any other case, the trustees of the amalgamated or transferee union. |