Amendment status not verified — confirm the current text below against the official source.
6. (1) The Society shall, as from the date of commencement of this Act, cease to exist and function as such. (2) As from the commencement of this Act — (a) all rights and all properties movable or immovable which, prior to the said commencement, vested in or belonged to the said Society shall vest in and belong to the Sammelan established by the Act ; (b) all the debts and liabilities of the said Society shall be transferred to the Sammelan and shall thereafter be discharged and satisfied by it out of the aforesaid properties ; (c) any reference to the Society in any instrument, will, deed or document, of whatever nature, including deeds containing any bequest, gift or trust, executed prior to the said commencement in favour of the said Society, shall be construed as references to the Sammelan established by this Act, and (d) all schools colleges and other institutions affiliated with the Society prior to the said commencement shall become affiliated to the Sammelan on the same terms and conditions unless otherwise specified by the Sammelan.