Sydney Rescue Work Society Act 1974 (NSW)

Sydney Rescue Work Society Act 1974 No 56

An Act to transfer to the incorporated Sydney Rescue Work Society the assets and liabilities of the unincorporated association of that name; to dissolve that association; and for purposes connected therewith.

1 Name of Act This Act may be cited as the Sydney Rescue Work Society Act 1974.

2 Commencement This Act shall commence on such day as may be appointed by the Governor in respect thereof and as may be notified by proclamation published in the Gazette.

3 Definitions In this Act, except in so far as the context or subject-matter otherwise indicates or requires: association means the unincorporated association formed in Sydney on 29 February 1890 and known as the "Sydney Rescue Work Society". corporation means the company registered on 28 July 1948 under the Companies Act 1936 with the corporate name of "Sydney Rescue Work Society". property includes real and personal property and any estate or interest of any description or tenure in any real or personal property and any debt or thing in action.

4 Dissolution of unincorporated association The association is hereby dissolved.

5 Vesting of certain property in corporation (1) Subject to this Act, any property that immediately before the commencement of this Act, was vested in the association or in any person in trust for, or on behalf of, the association is hereby divested from the association or that person, as the case may be, and is hereby vested in the corporation freed and discharged from any trusts (other than trusts referred to in subsection (2)) affecting it immediately before that commencement. (2) The vesting effected by subsection (1) does not prejudice or affect: (a) any special trust, (b) any resulting trust, (c) any trust in favour of a donor, (d) any trust in favour of a person other than an association or a company, or (e) any reservation, mortgage, charge, encumbrance, lien or lease, that, immediately before the commencement of this Act, affected the property vested. (3) An attornment to the corporation by any lessee of property vested in it by this section is not necessary.