Article 12 Cesser of functions of the Corporation

Subject to paragraph (4), the Ministry may by order made subject to affirmative resolution make provision for and in connection with the dissolution and winding-up of the Corporation.

On the dissolution of the Corporation for any reason whatsoever, the property of the Corporation and any rights or liabilities to which it is entitled or is subject shall vest in the Ministry, and may be enforced by and against the Ministry accordingly in its own name.