TERTIARY EDUCATION TRUST FUND(ESTABLISHMENT ETC.) ACT
Section 19: Savings.
(1) Without prejudice to section 6 of the Interpretation Act, the repeal of the enactment specified in section 18 of this Act shall not affect anything done under or pursuant to that enactment.
(2) The rights, interests, obligations and liabilities of the Fund 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 assigned to and vested in the Fund established by this Act.
(3) Any such contract or instrument as is mentioned in subsection (2) of this section shall be of the same force and effect against or in favour of the Fund established by this Act and shall be enforceable as fully and effectively, as if the Fund established by this Act has been named therein or had been a party thereto.
(4) The Fund established by this Act shall be subject to all the obligations and liabilities to which the Fund established under the repealed Acts was subject immediately before the commencement of this Act and all other persons shall have the same rights, powers and remedies against the Fund established by this Act, as they had against the Fund established under the repealed Act immediately before the commencement of this Act.
(5) Any proceeding or cause of action pending or existing immediately before the commencement of this Act by or against the Fund established by the repealed Act in respect of any right, interest, obligation or liability of the former Fund may be continued or as the case may be, commenced and any determination of a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 Fund established by this Act, to the same extent that such proceeding, cause of action or determination might have been continued, commenced or enforced by or against the former Fund as if this Act had not been made.
(6) All assets, funds, resources and other movable property which immediately before the commencement of this Act were vested in the former Fund shall, by virtue of this Act and without further assurance, be vested in the Fund established by this Act.
(7) Persons who immediately before the coming into force of this Act were holders of offices in the repealed Education Trust Fund shall-
(a) continue in office ;
(b) have their previous service in the repealed Education Trust Fund counted as service for the purposes of pension payable under the Pension Reform Act; and
(c) be deemed to have been appointed to the offices by the statutory body established by this Act.
Cite this section
Section 19, TERTIARY EDUCATION TRUST FUND(ESTABLISHMENT ETC.) ACT (2011).
https://repo.podus.ai/laws/tertiary-education-trust-fund-establishment-etc-act/section/19/