Section 47
Assets and liabilities of State undertakings.
The Bihar Reorganisation Act, 2000
About this Act
An Act to provide for the reorganisation of the existing State of Bihar and for matters connected therewith.
(1) The assets and liabilities relating to any
commercial or industrial undertaking of the existing State of Bihar shall pass to the State in which the
undertaking is located.
(2) Where a depreciation reserve fund is maintained by the existing State of Bihar for any such commercial or industrial undertaking, the securities held in respect of investments made from that fund shall pass to the State in which the undertaking is located.
(2) Where a depreciation reserve fund is maintained by the existing State of Bihar for any such commercial or industrial undertaking, the securities held in respect of investments made from that fund shall pass to the State in which the undertaking is located.