99. Subject to the provisions of this Act and of any appropriate Instrument, the following provisions shall apply as from the date on which an old University becomes a transferred University: -
| (1) All teachers, officers and servants in the service of the old University on the day immediately prior to that date who have not on that day completed their sixty-fifth year of age shall be deemed to be teachers, officers and servants in the service of the transferred University, and shall hold their offices with as nearly as may be the same status and on the same terms, including terms relating to salary or wages, the termination of employment, allowances or other benefits as they had or enjoyed in the service of the old University: |
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| (2) All debts, obligations and liabilities incurred and all contracts, deeds, bonds, agreements and other instruments executed or entered into, and all matters and things engaged to be done by, with or for, the old University prior to that date shall be deemed to have been incurred, executed, entered into or engaged to be done by, with or for the transferred University. |
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| (3) All suits, prosecutions, appeals or other legal proceedings, civil and criminal, instituted or which might have been instituted, by or against the old University prior to that date may, subject to the provisions of this Act and of any other written law, be continued or instituted by or against the transferred University. |
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| (4) All decrees or orders made by a competent court in favour of, or against, the old University prior to that date shall be deemed to have been made in favour of, or against, the transferred University. |
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| (5) The University Provident Fund established in respect of the old University by the University Enactment under which it was established shall be deemed to be the University Fund of the transferred University established under this Act. |
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| (6) All property, movable or immovable, which has been vested in, or legally purchased or acquired by, or leased to, or placed at the disposal of, or in any other manner transferred to, the old University, or which is held in trust for the old University, or is in its possession or control at that date shall be held by or in trust for the transferred University, subject to the trusts, charges, liabilities, reservations, servitudes or other encumbrances and on the terms and conditions appertaining, attaching or applicable thereto at that date. |
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Sri Lanka Consolidated Acts