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Preservation of certain contracts and adaptation of references to former company.
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42.—Every contract or agreement made between the former company or any trustee or agent thereof acting on its behalf, and any other person, which is in force immediately before the establishment day shall continue in force on and after that day and shall be construed and have effect as if the Agency were substituted therein for the former company or, as the case may be, its trustee or agent acting on its behalf, and shall be enforceable against the Agency.
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