Tanzania
Public Corporations Act
Public Corporations (Miscellaneous Transfer of Assets and Liabilities) Order, 1969
Government Notice 186 of 1969
- Published in Tanzania Government Gazette
- Commenced on 1 August 1969
- [This is the version of this document at 31 July 2002.]
- [Note: This legislation has been thoroughly revised and consolidated under the supervision of the Attorney General's Office, in compliance with the Laws Revision Act No. 7 of 1994, the Revised Laws and Annual Revision Act (Chapter 356 (R.L.)), and the Interpretation of Laws and General Clauses Act No. 30 of 1972. This version is up-to-date as at 31st July 2002.]
1. Citation
This order may be cited as the Public Corporations (Miscellaneous Transfer of Assets and Liabilities) Order.2. Interpretation
In this Order, unless the context otherwise requires—"effective date" means the 1st August, 1969;"instrument" means any contract, guarantee, agreement (including agreement concluded by exchange of letters), bond, authority, mortgage, charge, bill of exchange, promissory note, bank draft, bank cheque, letters of credit or any other security or instrument;"Minister" means the Minister responsible for development planning;"National Development Corporation" means the National Development Corporation established under the Public Corporation Act1;"National Housing Corporation" means the National Housing Corporation established by the National Housing Corporation Act2;"scheduled company" means a company specified in the First Schedule to this Order;"specified corporations" means the National Housing Corporation, and the Tanzania Sisal Corporation, and includes the Treasury Registrar;"Tanzania Sisal Corporation" means the Tanzania Sisal Corporation established by the Tanzania Sisal Corporation (Establishment and Vesting of Interests) Act3.3. Shares
4. Liability to vest in the Tanzania Sisal Corporation
5. Instruments to continue in force
6. Specified corporation shall have and may exercise all the powers necessary
For the avoidance of doubt and without prejudice to any of the other provisions of this Order it is hereby declared that in respect of any asset, liability, right or obligation vested, conferred or imposed upon any specified corporation, the specified corporation shall have and may exercise all the powers necessary or expedient to take possession and recover any property, to ascertain, perform and enforce any right, and to discharge any liability or obligation conferred or imposed upon it by virtue of this Order, and to deal with it, as the National Development Corporation would have had and could have exercised had this Order not been made.7. Liabilities and powers to vest in the Tanzania Sisal Corporation
8. Constrution of this Order
History of this document
31 July 2002 this version
Consolidation
01 August 1969
Commenced
Cited documents 2
Legislation 2
1. | Public Corporations Act | 52 citations |
2. | National Housing Corporation Act | 8 citations |