Section 81: Assets and liabilities of State undertakings.

The States Reorganisation Act, 1956Central Act · Act 37 of 1956

(1) The assets and liabilities relating to any commercial or industrial undertaking of an existing State shall pass to the successor State in which the undertaking is located.

(2) Where a depreciation reserve fund is maintained by an existing State for any commercial or industrial undertaking, the securities held in respect of investments made from that fund shall pass to the successor State in which the undertaking is located.

Where this provision sits

Act	The States Reorganisation Act, 1956
Section	81
Marginal note	Assets and liabilities of State undertakings.
Jurisdiction	Central
Status	In force as published by the source

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