Transfer of assets, rights, liabilities and interests of Rubber Association
26A. As from the appointed day —
(a)
all assets, rights and interests of every description which immediately before that day were vested in the Rubber Association of Singapore shall vest in the Board without further assurance, conveyance or other instrument; and
(b)
all outstanding liabilities incurred before that day by the Rubber Association of Singapore shall be transferred to the Board and shall thereafter be discharged by the Board.