Kenya Reinsurance Corporation Act
5. Existing contracts, conveyances, etc.
5. Existing contracts, conveyances, etc.
Any existing contracts, agreements, conveyances, deeds, leases, licences, permits, exemptions, powers of attorney, undertakings, securities and other instruments, whether analogous to the foregoing or not, entered into by, made with or granted or addressed to the Kenya Reinsurance Corporation whether alone or with any other person and whether as principal or agent shall, as from the appointed day, be binding and of full force and effect in every respect against or in favour of the Company as if, instead of the Kenya Reinsurance Corporation, the Company had been a party thereto, bound thereby or entitled to the benefit thereof and as if any reference, express or implied, to any director, officer or employee of the Kenya Reinsurance Corporation as respects anything to be done on or after the appointed day, were substituted a reference to the director, officer or employee of the Company who most nearly corresponds thereto.Source: Kenya Law