Amendment status not verified — confirm the current text below against the official source.
(1) Where the Stale Government is safiskd that the'p~rposes for which af Cor~o- the ,Corporation was . established under. this Act have been substantially achieved 'ation. so8*as to .render the continued existence of thc Corporation in Ihe opinion of the . State Government unnecessary, it may, by notification, declare that the Corporntion shall be dissolved with cliect from such Jaw as -may by spif7ed ia the notification, and the Corporation shaU be deemcd to be drssolved accordingly, (2)' Froin the' said d a t b : , (a) all properties, funds aud dues whlch are vested in, or rcaIisablc by, the Corpora~ion shsll vest in br be realisable by the State Government. (b) all liabilities which are enfombfe ageinst the Corporation shall be enforceable against the State Goverameot. ~ u t h o r i t ~