Sugar Act, 1978 (Act No. 9 of 1978) > 3. Transfer of assets, liabilities, rights and obligations

(1)

Any asset, liability, right or obligation of the South African Sugar Association immediately prior to the commencement of this Act, including any asset registered in the name of, any right vested in, and any liability or obligation binding upon, any trustee of the said Association shall, as from such commencement, vest in or, as the case may be, be binding upon the said Association as incorporated.

(2)

The Registrar of Deeds in whose office any deed or other document relating to any asset, liability, right or obligation contemplated in subsection (1) is registered immediately prior to the commencement of this Act, shall, after such commencement, upon receipt of an application by any person on behalf of the Association and the production to him by such person of the documents and the information required by him, make such endorsements on the said deed or other document and such entries in his register as may be necessary to give effect to the provisions of subsection (1), and no transfer duty, stamp duty, registration fee or charge or other duty, fee or charge shall be payable in respect of any such endorsement or any such entry.