s 38 Transfer to Board of undertakings and assets of Singapore Improvement Trust
38.—(1) As from 1 February 1960, the undertakings of the Singapore Improvement Trust are, except as provided in the Planning Act (Cap. 232, 1990 Revised Edition), transferred to and vest in the Board without further assurance. (2) Without limiting subsection (1), that transfer includes —(a) all lands, buildings and other property, movable or immovable, and all assets, powers, rights and privileges held or enjoyed by the Singapore Improvement Trust in connection therewith, or appertaining thereto; (b) all rights and interests of the Singapore Improvement Trust in any other undertaking; and (c) all liabilities and obligations of the Singapore Improvement Trust.[32