Section 27: Assets and liabilities of State undertakings.

The Bihar and West Bengal (Transfer of Territories) Act, 1956Central Act · Act 40 of 1956

(1) The assets and liabilities relating to any commercial or industrial undertaking of Bihar located in the transferred territories shall pass to West Bengal.

(2) Where a depreciation reserve fund is maintained by Bihar for any such commercial or industrial undertaking, the securities held in respect of investments made from that fund shall also pass to West Bengal.

Where this provision sits

Act	The Bihar and West Bengal (Transfer of Territories) Act, 1956
Section	27
Marginal note	Assets and liabilities of State undertakings.
Jurisdiction	Central
Status	In force as published by the source

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