24.
| (1) All property, movable and immovable, vested in the Sri Lanka Tea Board and used on the day preceding the appointed date, for the purposes of the Tea Research Institute maintained by the Sri Lanka Tea Board (in this section referred to as the " Tea Research Institute "), shall vest in the Board, with effect from the appointed date. |
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| (2) All contracts and agreements entered into, by, or with, the Sri Lanka Tea Board for the purposes of the Tea Research Institute, and all liabilities incurred by the Sri Lanka Tea Board in respect of the Tea Research Institute, and subsisting on the day preceding the appointed date; shall be deemed, with effect from the appointed date to be contracts agreements and liabilities entered into, by, or with the Board, and may be enforced accordingly. |
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| (3) All actions and proceedings instituted by, or against, the Sri Lanka Tea Board relating to the Tea Research Institute and pending on the day preceding the appointed date shall, with effect from the appointed date, be deemed to be actions and proceedings instituted by or against, the Board and may be continued accordingly. |
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Sri Lanka Consolidated Acts