(2) Without limiting subsection (1), the following provisions apply as from the registration of the plan of subdivision— (a) the property, rights and other assets that S. 98CD(2)(a) amended by immediately before the registration were No. 69/2006 those of the service company vest in the s. 224(Sch. 3 item 10.2(b)) owners corporation; (b) the debts, obligations and liabilities of the S. 98CD(2)(b) amended by service company immediately before the No. 6/2008 registration become the debts, obligations s. 38(4). and liabilities of the owners corporation; (c) the owners corporation by force of this S. 98CD(2)(c) amended by section becomes party to any proceedings No. 6/2008 pending in any court in which the service s. 38(4). company was a party immediately before the registration; (d) the owners corporation by force of this S. 98CD(2)(d) amended by section becomes a party to any arrangement No. 6/2008 or contract entered into by or on behalf of the s. 38(4). service company as a party and in force immediately before the registration; (e) except so far as they are altered or modified S. 98CD(2)(e) amended by expressly or by necessary implication by No. 6/2008 reason of the registration the rights, interests, s. 38(4). duties, obligations and liabilities of the members of the service company existing immediately before its dissolution continue in existence in relation to the owners corporation; (f) all acts, matters and things of a continuing S. 98CD(2)(f) amended by nature made, done or commenced by or on No. 6/2008 behalf of the service company and s. 38(4). immediately before its dissolution of any force or effect or capable of acquiring any force or effect are taken to have been done or
(2) Without limiting subsection (1), the following provisions apply as from the registration of the plan of subdivision— S. 98CD(2)(a) amended by No. 69/2006 s. 224(Sch. 3 item 10.2(b)) (a) the property, rights and other assets that immediately before the registration were those of the service company vest in the owners corporation; S. 98CD(2)(b) amended by No. 6/2008 s. 38(4). (b) the debts, obligations and liabilities of the service company immediately before the registration become the debts, obligations and liabilities of the owners corporation; S. 98CD(2)(c) amended by No. 6/2008 s. 38(4). (c) the owners corporation by force of this section becomes party to any proceedings pending in any court in which the service company was a party immediately before the registration; S. 98CD(2)(d) amended by No. 6/2008 s. 38(4). (d) the owners corporation by force of this section becomes a party to any arrangement or contract entered into by or on behalf of the service company as a party and in force immediately before the registration; S. 98CD(2)(e) amended by No. 6/2008 s. 38(4). (e) except so far as they are altered or modified expressly or by necessary implication by reason of the registration the rights, interests, duties, obligations and liabilities of the members of the service company existing immediately before its dissolution continue in existence in relation to the owners corporation; S. 98CD(2)(f) amended by No. 6/2008 s. 38(4). (f) all acts, matters and things of a continuing nature made, done or commenced by or on behalf of the service company and immediately before its dissolution of any force or effect or capable of acquiring any force or effect are taken to have been done or
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