Section 32Section 32

s. 32

32 Where any property or right appertaining to the undertaking of an insurer is transferred to and vested in a subsidiary Corporation under clause (1) of Article 17 or would be so transferred and vested but for the fact that such transfer and vesting are governed otherwise than by the law of Bangladesh, the insurer shall comply with such directions as may be given to him by the subsidiary Corporation for the purpose of securing that the ownership of the property, or as the case may be, that the rights is effectively transferred to the Corporation.