LawgistThe Bihar Reorganisation Act
58Residuary provision
The benefit or burden of any asset or liability of the existing State of Bihar not dealt with in the foregoing provisions of this Part shall pass to the State of Bihar in the first instance, subject to such financial adjustment a may be agreed upon between the States of Bihar and Jharkhand or, in default of such agreement, as the Central Government may, by order, direct.
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APPORTIONMENT OF ASSETS AND LIABILITIES
- 41 Application of Part
- 42 Land and goods
- 43 Treasury and bank balances
- 44 Arrears of taxes
- 45 Right to recover loans and advances
- 46 Investments and credits in certain funds
- 47 Assets and liabilities of State undertakings
- 48 Public Debt
- 49 Floating Debt
- 50 Refund of taxes collected in excess
- 51 Deposits, etc
- 52 Provident fund
- 53 Pensions
- 54 Contracts
- 55 Liability in respect of actionable wrong
- 56 Liability as guarantor
- 57 Items in suspense
- 58 Residuary provision
- 59 Apportionment of assets or liabilities by agreement
- 60 Power of Central Government to order allocation or adjustment in certain cases
- 61 Certain expenditure to be charged on Consolidated Fund
