South African Maritime Safety Authority Act, 1998 (Act No. 5 of 1998)Chapter 4 : FinancePart 1 : General33. Effect of transfer from State to Authority |
Where, immediately before a transfer under section 31 or 32—
| (a) | a right of the State arising out of a debt, liability or obligation of any other person in favour of the State existed in respect of the assets so transferred; or |
| (b) | a debt, liability or obligation of the State existed in respect of the assets so transferred, |
the right, debt, liability or obligation, as the case may be, is transferred from the State to the Authority on such transfer.