s 36 Interpretation of this Part
36. In this Part, unless the context otherwise requires —“asset”, in relation to the transferor, means property of any kind (whether tangible or intangible, whether arising from, accruing under, created or evidenced by or the subject of an instrument or otherwise, and whether present, future or contingent) of the transferor on the eve of the transfer date and includes, without limitation —(a) a legal or equitable interest in real or personal property; (b) a chose in action; (c) a security; (d) money; (e) intellectual property; (f) infrastructure, plant and equipment; (g) records and information (including data) in any form; and (h) a right; “excluded undertaking” means the assets and liabilities of the transferor which are determined under section 41(1) as assets and liabilities that must not be transferred to the Corporation under this Part; “Industrial Properties Group” means the department of the transferor known as the Industrial Properties Group; “liability”, in relation to the transferor, means any liability, duty or obligation (whether actual or contingent, liquidated or unliquidated, and whether owed alone or jointly or jointly and severally with any other person) of the transferor on the eve of the transfer date; “records”, in relation to the transferor, means registers, papers, documents, minutes, receipts, books of account and any other record, however compiled, recorded or stored, of the transferor existing on the eve of the transfer date; “right”, in relation to the transferor, means any right, power, privilege or immunity of the transferor on the eve of the transfer date; “transfer date” means 1 January 2018; “transferor” means the Housing and Development Board constituted under the Housing and Development Act 1959; “transferring employee” means an employee of the transferor who, on the eve of the transfer date, is deployed in the Industrial Properties Group.[34/2017]