Pension Funds Act, 1956 (Act No. 24 of 1956)Chapter II : Registration and Incorporation4B. Effect of registration of pension fund referred to in section 4A |
| (1) | On the registration of a pension fund referred to in section 4A it shall become a juristic person. |
| (2) | Subject to the provisions of subsections (3) and the registration of a pension fund referred to in section 4A shall not affect the assets, rights, liabilities, obligations and membership of such pension fund. |
| (3) | Regulations referred to in section 4A(4) may also provide for the termination of the membership of certain persons of a pension fund referred to in section 4A which has been registered and for their membership of any other pension fund, and the passing of the obligations of the first-mentioned fund towards dependants and nominees of members thereof to the last-mentioned pension fund. |