18.
| (1) All property, movable or immovable, and all rights in property belonging to the Tea Control Department, on the day immediately preceding the appointed date, shall vest in and be the property and rights of the Board on that date. |
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| (2) All rights and obligations of the Tea Controller under contracts legally entered into by him which are in existence, on the day immediately preceding the appointed date, shall be deemed to be the rights and obligations of the Board on that date. |
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| (3) All assets and liabilities of the Tea Control Department at values appearing in the books of accounts of that Department as on the appointed date shall be the assets and liabilities of the Board. |
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Sri Lanka Consolidated Acts