section 2
Vesting of trust property in present Baronet and repeal of Act XIX of 1911
The Cowasjee Jehangir Baronetcy (Repealing) Act, 1964General19644 sections
Statutory text
- (1) On the commencement of this Act the Baronetcy Act shall stand repealed; and—
- (a) the trusts, powers, provisions, declarations and purposes by and in that Act declared and expressed shall be, and are hereby, revoked and extinguished ;
- (b) the Corporation shall be and is hereby dissolved, and shall cease to function, and the Trustees shall cease to hold office as such Trustees ;
- (c) all property, moveable and immovable (including promissory notes, bonds, stocks, funds and securities, moneys and investments and the Mansion-houses and other hereditaments in the Baronetcy Act referred to as "Readymoney House" and "Fort Mansion" situate in Greater Bombay and all other lands, buildings, tenements and premises wherever situate, and any interest therein) vesting in the Corporation under the Baronetcy Act, shall be deemed to be transferred to, and shall vest without further assurance in, the present Baronet Sir Cowasjee Jehangir (hereinafter referred to as "the Baronet") subject to the provisions of this Act ;
- (d) all rights, liabilities and obligations of the Corporation constituted under the said Act under the style and title of "The Trustees of the Sir Cowasjee Jehangir Baronetcy" (in this Act referred to as "the Corporation") whether arising out of contract or howsoever otherwise arising, shall be deemed to be the rights, liabilities and obligations of the Baronet ;
- (e) all contracts made with, and all instruments executed on behalf of, the Corporation shall be deemed to have been made with, or executed on behalf of, the Baronet and shall have effect accordingly ;
- (f) in all suits and legal proceedings pending at the commencement of this Act in or to which the Corporation is a party the Baronet shall be deemed to be substituted for the Corporation.
- (2) Nothing in sub-section
- (1) shall affect any right of, or any interest (including any jointures) in, the property mentioned in clause
- (c) of that sub-section which any person, body or authority may be entitled under the due process of law to enforce against the Baronet or his heirs and legal representatives.
Study data processing for this section.
PDF: pending for this language.