LawgistThe Madhya Pradesh Reorganisation Act
55Apportionment of assets or liabilities by agreement
Where the successor States of Madhya Pradesh and Chhattisgarh agree that the asset, liability or benefit or burden of any particular asset or liability should be apportioned between them in a manner other than that provided for in the foregoing provisions of this Part then, notwithstanding anything contained therein, the assets, liability or benefit or burden of that asset or liability shall be apportioned in the manner agreed upon.
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APPORTIONMENT OF ASSETS AND LIABILITIES
- 37 Application of Part
- 38 Land and goods
- 39 Treasury and bank balances
- 40 Arrears of taxes
- 41 Right to recover loans and advances
- 42 Investments and credits in certain funds
- 43 Assets and liabilities of State undertaking
- 44 Public Debt
- 45 Floating loans
- 46 Refund of taxes collected in excess
- 47 Deposits, etc
- 48 Provident fund
- 49 Pensions
- 50 Contracts
- 51 Liability in respect of actionable wrong
- 52 Liability as guarantor
- 53 Items in suspense
- 54 Residuary provision
- 55 Apportionment of assets or liabilities by agreement
- 56 Power of Central Government to order allocation or adjustment in certain cases
- 57 Certain expenditure to be charged on Consolidated Fund
