On the vesting of the management of a sick textile undertaking in the National Textile Corporation all persons in charge of the management of such sick textile undertaking immediately before such vesting shall be bound to deliver to the National Textile Corporation all assets, books of account, registers or other documents in their custody relating to the sick textile undertaking.
Section 12: Duty of persons in charge of management of sick textile undertakings to deliver all assets, etc.
The Sick Textile Undertakings (Nationalisation) Act, 1974Central Act · Act 57 of 1974
Where this provision sits
| Act | The Sick Textile Undertakings (Nationalisation) Act, 1974 |
|---|---|
| Section | 12 |
| Marginal note | Duty of persons in charge of management of sick textile undertakings to deliver all assets, etc. |
| Jurisdiction | Central |
| Status | In force as published by the source |
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