52.
| (1) The Minister may, subject t5 the provisions of sub-section (2) and sub-section (3), by Order published in the Gazette, transfer to the Board or to the Authority-
| | (a) any movable or immovable property of the Crown required for the purposes of the Board or the Authority, and | | |
| | (b) any contracts and liabilities of the Crown connected with such purposes. | | |
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| (2) No movable property, and no contract or liability, of the Crown shall be transferred to the Board or to the Authority under sub-section (1) without the concurrence of the Minister of Finance, |
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| (3) No immovable property of the Crown shall be transferred to the Board or to the Authority under sub-section (1) without the concurrence of the Minister of Finance and the Minister in charge of Crown Lands. |
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| (4) Upon the publication of an Order under subsection (1) in the Gazette-
| | (a) the properties specified in that Order shall vest in and he the properties of the Board or of the Authority, as the case may be; | | |
| | (b) the contracts specified in that Order shall be deemed to be the contracts of the Board or of the Authority, as the case may be, and all subsisting rights and obligations of the Crown under such contracts shall be deemed to be the rights and obligations of the Board or of the Authority, as the case may be: and | | |
| | (c) the liabilities specified in that Order shall be deemed to be the liabilities of the Board or of the Authority, as the case may be. | | |
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Sri Lanka Consolidated Acts