Section 21: Savings and transfer of liabilities, staff, etc.

(1)
The statutory functions, rights, interests, obligations and liabilities of the National Office existing before the commencement of this Act under any contract or instrument, or in law or in equity apart from any contract or instrument, shall by virtue of this Act, be deemed to have been assigned to and vested in the National Office established under this Act.
[1992 No. 82.]
(2)
Any such contract or instrument as is mentioned in subsection (1) of this section, shall be of the same force and effect against or in favour of the National Office and shall be enforceable as fully and effectively as if instead of that National Office, the National Office established under this Act had been named therein or had been a party thereto.
[1992 No. 82.]
(3)
The National Office for Technology Acquisition and Promotion shall be subject to all the obligations and liabilities to which the National Office was subject immediately before the commencement of this Act and all other persons shall have the same rights, powers and remedies against the National Office for Technology Acquisition and Promotion as they had against the National Office immediately before the commencement of this Act.
[1992 No. 82.]
(4)
Any proceedings or cause of action pending or existing immediately before the commencement of this Act, by or against the National Office, in respect of any right, interest, obligation or liability of the National Office may be continued or as the case may be, commenced and any determination of a court of law, tribunal or other authority or person may be enforced by or against the National Office for Technology Acquisition and Promotion to the same extent that such proceedings, cause of action or determination might have been continued, commenced or enforced by or against the National Office established under the redesignated Act.
[1992 No. 82.]
(5)
All assets, funds, resources and other movable or immovable property which immediately before the commencement of this Act, were vested in the National Office under the redesignated Act shall by virtue of this Act and without further assurance, be vested in the renamed National Office.
[1992 No. 82.]