It was recently drawn to my attention that I had made a mistake in a number of my articles when making reference to the Public Corporation Act of 1988 and that there was an amendment to the Act which I did not take into account. I immediately went to Parliament Office and obtained a copy of the amendment. And yes, I did make a mistake in my reference to Section 5 (1) dealing with the vesting of property in a new corporation. Amendment 28 of 1990 has inserted the words “or the Minister may by a separate order vest movable and immovable property of the State in any corporation, including an existing corporation”.
While Section 8 the Act dealing with transfers to a corporation was also amended to include “any other person”,