Dissolution of the Board.

(1) The State Covernment may, by notification in the Official Gazette, declare thal, with effect from such date as may be specified im the notification, the Board shall be dissolved. (2) With effect frém the date specified in the notification under sub-section (1)— (a) all properties, funds and dues which are yest in and be yealizable by the State Government; (b) ail habilities enforcéable against the Board shall be enforceable against the State Government to the extent of the properties, funds and dues vested in and realized by the State Government. (3) Nothing in this section shall affect the liability of the State Government in respect of leafs or debentures guaranteed under sub-section (y of section 36.