ADVOKS GLOBAL · KENYA
Civil Aviation Act
42. Transfer of Government assets and liabilities
Edition: 2024-04-26 · In force
42. Transfer of Government assets and liabilities
(1)Upon the commencement of this Act, all existing assets used in the provision of services for which the Authority has been established shall be transferred to vest in the Authority.(2)Subject to subsection (3), the Cabinet Secretary may, by order published in the Gazette, transfer to the Authority any property or asset belonging to the Government which appears to him to be necessary or useful to the Authority for the performance of its functions under this Act, which property or asset shall vest in the Authority by virtue of the order and without further assignment.(3)An order under subsection (2) may contain such incidental, consequential or supplemental provisions as the Cabinet Secretary thinks necessary or expedient.(4)All liabilities incurred in the provisions of services for which the Authority has been established, shall vest in the Authority without further assignment.