LawgistThe Punjab Reorganisation Act
64Apportionment of assets or liabilities by agreement
Where the successor States agree that the 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 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
- 47 Application of Part
- 48 Land and goods
- 49 Treasury and bank balances
- 50 Arrears of taxes
- 51 Right to recover loans and advances
- 52 Investments and credits in certain funds
- 53 Assets and liabilities of State undertakings
- 54 Public debt
- 55 Refund of taxes collected in excess
- 56 Deposits, etc
- 57 Provident fund
- 58 Pensions
- 59 Contracts
- 60 Liability in respect of actionable wrong
- 61 Liability as guarantor
- 62 Items in suspense
- 63 Residuary provision
- 64 Apportionment of assets or liabilities by agreement
- 65 Power of Central Government to order allocation or adjustment in certain cases
- 66 Certain expenditure to be charged on the Consolidated Fund
