Establishment of Society

On the commencement of this Act, (a) there shall be established and constituted the Belize Red Cross Society which shall be the sole national Red Cross Society in Belize; (b) all the assets and liabilities of the Branch shall be transferred to and be vested in the Society by virtue of this section and without further assurance, and the Society shall have all the powers necessary to take possession 5 of, recover and deal with such assets and discharge such liabilities; (c) all deeds, bonds, instruments and contracts subsisting immediately before the day on which this Act comes into operation to which the Branch is a party shall be as of full force and effect against or in favour of the Society and enforceable as fully and effectually as if instead of the Branch, the Society had been a party thereto; (d) officers of the Branch shall continue to hold corresponding appointments in the Society until other provisions are made in accordance with rules made under this Act, and members of the Branch shall become corresponding active members, Honorary Members and Subscribing Members of the Society, but subject to any provisions contained in the aforesaid rules.