s. 177 177 Definitions New s. 177 inserted by In this Part— No. 85/2003 s. 23. means the day on which commencement day section 23 of the Port Services (Port Management Reform) Act 2003 comes into operation; means HPHC, within the meaning old corporation of this Act, as in force immediately before the commencement day; means the Corporation, within new corporation the meaning of this Act, as in force on and from the commencement day; means an employee of the transferred employee old corporation who is deemed to be an employee of the new corporation by section 179(1). New s. 178 178 Transfer of property etc. from HPHC to the new inserted by corporation No. 85/2003 s. 23. Except as otherwise provided in this Act, on and from the commencement day— (a) the old corporation is abolished and the directors go out of office; and (b) all rights, property and assets that, immediately before the commencement day were vested in the old corporation, vest in the new corporation; and (c) all debts, liabilities and obligations of the old corporation existing immediately before the commencement day, become debts, liabilities and obligations of the new corporation; and (d) the new corporation is substituted as a party to any proceedings pending in any court or tribunal to which the old corporation was a
New s. 177 inserted by No. 85/2003 s. 23. 177 Definitions s. 177 In this Part— commencement day means the day on which section 23 of the Port Services (Port Management Reform) Act 2003 comes into operation; old corporation means HPHC, within the meaning of this Act, as in force immediately before the commencement day; new corporation means the Corporation, within the meaning of this Act, as in force on and from the commencement day; transferred employee means an employee of the old corporation who is deemed to be an employee of the new corporation by section 179(1). New s. 178 inserted by No. 85/2003 s. 23. 178 Transfer of property etc. from HPHC to the new corporation Except as otherwise provided in this Act, on and from the commencement day— (a) the old corporation is abolished and the directors go out of office; and (b) all rights, property and assets that, immediately before the commencement day were vested in the old corporation, vest in the new corporation; and (c) all debts, liabilities and obligations of the old corporation existing immediately before the commencement day, become debts, liabilities and obligations of the new corporation; and (d) the new corporation is substituted as a party to any proceedings pending in any court or tribunal to which the old corporation was a
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