Compiled from an official source version. Later amendments or repeals may not be reflected; the official text prevails. · Read the official text ↗
Interpretation of this Part
23. In this Part —“National Heritage Board” means the National Heritage Board established under the National Heritage Board Act 1993; “Preservation of Monuments Board” means the Preservation of Monuments Board established under the repealed Preservation of Monuments Act (Cap. 239, 1985 Revised Edition) in force immediately before 1 July 2009.
Transfer of property, assets and liabilities to National Heritage Board
24.—(1) As from 1 July 2009, all movable and immovable property vested in the Preservation of Monuments Board and all assets, interests, rights, privileges, liabilities and obligations of that Board are transferred to and vest in the National Heritage Board without further assurance, act or deed. (2) Any immovable property to be transferred to and vested in the National Heritage Board under subsection (1) is held by that Board upon such tenure and subject to any terms and conditions that the President may determine. (3) Every proceedings by or against the Preservation of Monuments Board which are pending on 1 July 2009 may be continued, completed and enforced by or against the National Heritage Board. (4) Every agreement relating to any of the transferred properties to which the Preservation of Monuments Board was a party immediately before 1 July 2009, whether or not of such nature that the rights and liabilities thereunder could be assigned, is to have effect as from that date as if —(a) the National Heritage Board had been a party to such an agreement; and (b) for any reference to the Preservation of Monuments Board there were substituted in respect of anything to be done on or after 1 July 2009 a reference to the National Heritage Board. (5) To avoid doubt —(a) any reference in this Part to property vested in the Preservation of Monuments Board is a reference to such property of that Board whether situated in Singapore or elsewhere; and (b) any such reference to rights and liabilities of the Preservation of Monuments Board is a reference to such rights to which that Board is entitled or (as the case may be) such liabilities to which that Board is subject, whether under the laws of Singapore or any country outside Singapore and includes rights and liabilities arising under loans raised by that Board.
Existing contracts
25. All deeds, bonds, agreements, instruments and arrangements subsisting immediately before 1 July 2009 which the Preservation of Monuments Board is a party continue in force on and after that date and are enforceable by or against the National Heritage Board as if the National Heritage Board had been named therein or had been a party thereto instead of the Preservation of Monuments Board.
No breach or default because of transfer
26.—(1) The operation of this Part shall not be regarded —(a) as a breach of contract or confidence or otherwise as a civil wrong; (b) as a breach of any contractual provision prohibiting, restricting or regulating the assignment or transfer of assets or liabilities; or (c) as giving rise to any remedy by a party to a legal instrument, or as causing or permitting the termination of any legal instrument, because of a change in the beneficial or legal ownership of any asset or liability. (2) The operation of section 24 shall not be regarded as an event of default under any contract or other legal instrument. (3) Any provision in any existing contract, agreement, conveyance, deed, lease, guarantee, bond, indemnity and other instrument or undertaking to which the Preservation of Monuments Board is a party or may be bound prohibiting or having the effect of prohibiting the transfer of any property, rights, obligations or liabilities comprised in the undertaking transferred under this Part is deemed by this Act to have been waived by this Act.
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Compiled from an official source version. Later amendments or repeals may not be reflected; the official text prevails. Read the official text ↗
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