ENACTMENT NO. 11 OF 1998 BAITUMAL CORPORATION ENACTMENT 1998
PART VII - REPEAL AND TRANSITIONAL PROVISIONS
Section 40. Existing contracts.
Subject to the provisions of this Enactment, any deed, bond, agreement, instrument and working arrangement subsisting immediately before or prior to the appointed date affecting any of the property which is transferred under section 39 shall be of full force and effect against or in favour of the Corporation and may be enforceable as fully and effectively as if, instead of the Majlis, the Corporation had been named therein or had been a party thereof.