State Act
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Section 29. Consequences of dissolution of the Board.
The Himachal Pradesh Antyodaya Corporation Act, 1979
Act no. 17 of 19791979In forceHimachal Pradesh (State Act)
29. Consequences of dissolution of the Board.-(1) When the Board is dissolved under section 28- (i) all directors shall, from the date of dissolution vacate their offices; (ii) all powers and duties of the Board shall, during the period of dissolution, be exercised and performed by such person or persons as the State Government may appoint in this behalf; (iii) all funds and other property vested in the Corporation shall, during the period of dissolution, vest in the State Government. (2) The State Government may, in its discretion, reconstitute the Board after such period as it may think fit.