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[Cites 0, Cited by 0] [Section 445] [Entire Act]

State of Punjab - Subsection

Section 445(3) in The Punjab Municipal Act, 1999

(3)The assets of the Improvement Trust shall be deemed to include all properties and rights therein whether movable or immovable, belonging to or vested in the Improvement Trust including, in particular, cash balances, reserve funds, investments, deposits and all other interests and rights in or arising out of such properties, as may be in the possession of Improvement Trust, and the liabilities of the Improvement Trust shall be deemed to include all debts, liabilities and obligations of whatever kind existing and pertaining to the Improvement Trust.