Lawgist11Assets and liabilities
(1) All land and all stores, articles and other goods in the transferred territory belonging to the State of Mysore shall, as from the appointed day, pass to the State of Andhra Pradesh.
Explanation.—In this sub-section, the expression "land" includes immovable property of every kind and any rights in or over such property and the expression "goods" does not include coins, bank notes and currency notes.
(2) All rights, liabilities and obligations, whether arising out of a contract or otherwise, of the State of Mysore in relation to the transferred territory shall, as from the appointed day, be the rights, liabilities and obligations, respectively, of the State of Andhra Pradesh.
Download our fully-offline, High speed android app.- Click here
- 1 Short title
- 2 Definitions
- 3 Transfer of territory from Mysore to Andhra Pradesh
- 4 Amendment of First Schedule to the Constitution
- 5 Extent of parliamentary and assembly Constituencies
- 6 Provision as to sitting members of Parliament and Legislative Assemblies
- 7 Extent of Council Constituencies
- 8 Sitting Members of Legislative Councils
- 9 Extension of jurisdiction of Andhra Pradesh High Court
- 10 Appropriation of moneys for expenditure in transferred territory under existing Appropriation Acts
- 11 Assets and liabilities
- 12 State Financial Corporations and State Electricity Boards
- 13 Extension of laws
- 14 Power to construe laws
- 15 Legal proceedings
- 16 Transfer of pending proceedings
- 17 Effect of provisions inconsistent with other laws
- 18 Power to remove difficulties
- 19 Power to make rules
