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National Empowerment Fund Act, 1998 (Act No. 105 of 1998)

28. Dissolution of Trust and Distribution

 

 

(1)        The Trust may be dissolved on a date determined by an Act of Parliament.

 

(2) The assets or the proceeds of those assets must, after the payment of all the liabilities of the Trust or the assumption thereof by the State pursuant to an Act of Parliament, upon dissolution of the Trust, be ceded and transferred to the State or any beneficiary as may be appointed by the Act of Parliament referred to in subsection (1).