### Mass Transit Railway Ordinance 《香港鐵路條例》

52F. Security
(1) In relation to a contract to which section 52B(1) applies, any security held immediately before the relevant date by KCRC, or by a person as nominee of, agent of or trustee for KCRC, in respect of the rights under the contract which are vested in the Corporation under that section, shall be held by the Corporation, or by that person as nominee of, agent of or trustee for the Corporation (as the case may require) as from that date, and shall be available to the Corporation (whether for its own benefit or for the benefit of any other person, as the case may be) as from that date.
(2) In relation to any security vested in the Corporation by virtue of subsection (1) and any liabilities secured by the security, the Corporation shall be entitled to the rights and priorities, and shall be subject to the obligations and incidents, which KCRC would have been entitled to and subject to if it had continued to hold the security.
(3) In relation to a contract to which section 52C(1) applies, any security held immediately before the relevant date by the Corporation, or by a person as nominee of, agent of or trustee for the Corporation, in respect of the rights under the contract which are vested in KCRC under that section, shall be held by KCRC, or by that person as nominee of, agent of or trustee for KCRC (as the case may require) as from that date, and shall be available to KCRC (whether for its own benefit or for the benefit of any other person, as the case may be) as from that date.
(4) In relation to any security vested in KCRC by virtue of subsection (3) and any liabilities secured by the security, KCRC shall be entitled to the rights and priorities, and shall be subject to the obligations and incidents, which the Corporation would have been entitled to and subject to if it had continued to hold the security.

### Mass Transit Railway Ordinance 《香港鐵路條例》

52G. Supplementary provisions relating to vesting or re-vesting under this Part
(1) A contract or other document to which section 52B, 52D, 52E or 52F(1) applies shall, to the extent of the relevant rights and liabilities, have effect as from the relevant date as if the Corporation is a party to the contract or document in all respects and as if the Corporation were the same person in law as KCRC.
(2) Accordingly, references (whether express or implied) to KCRC in the contract or document referred to in subsection (1) shall, to the extent of the relevant rights and liabilities, be taken as from the relevant date as referring to the Corporation.
(3) Where the contract or document referred to in subsection (1) refers (in whatever terms and whether expressly or by implication) to a person employed by or engaged in the business of KCRC, it shall have effect, to the extent of the relevant rights and liabilities and in relation to anything falling to be done on or after the relevant date, as if for that reference there were substituted a reference to such person as the Corporation may appoint or, in default of appointment, to the person employed by or engaged in the business of the Corporation who corresponds as nearly as may be to the person employed by or engaged in the business of KCRC in question.
(4) A contract to which section 52C or 52F(3) applies shall, to the extent of the rights and liabilities vested in KCRC by virtue of section 52C or 52F(3) (as the case may be), have effect as from the relevant date as if KCRC is a party to the contract in all respects and as if KCRC were the same person in law as the Corporation.
(5) The Corporation and all other persons have the same rights, powers and remedies for ascertaining, perfecting or enforcing any right or liability vested in the Corporation by virtue of section 52B, 52D, 52E or 52F(1) as they would have had if that right or liability had at all times been a right or liability of the Corporation.
(6) KCRC and all other persons have the same rights, powers and remedies for ascertaining, perfecting or enforcing any right or liability vested in KCRC by virtue of section 52C or 52F(3) as they would have had if that right or liability had at all times been a right or liability of KCRC.
(7) In subsections (5) and (6), a reference to rights and powers includes a reference to rights and powers as to the taking or resisting of legal proceedings or the making or resisting of applications to any authority.

### Mass Transit Railway Ordinance 《香港鐵路條例》

52H. Evidence of vesting
(1) The production of a Government Printer’s copy, or a document certified by a solicitor to be a true copy of a Government Printer’s copy, of this Ordinance is conclusive evidence for all purposes of any vesting (other than any vesting effected under section 52B or 52C) effected under this Part.
(2) The production of a Government Printer’s copy, or a document certified by a solicitor to be a true copy of a Government Printer’s copy, of this Ordinance and of a Vesting Notice is conclusive evidence for all purposes of any vesting effected under section 52B to which the Vesting Notice relates.
(3) The production of a Government Printer’s copy, or a document certified by a solicitor to be a true copy of a Government Printer’s copy, of this Ordinance and of a Re-vesting Notice is conclusive evidence for all purposes of any vesting effected under section 52C to which the Re-vesting Notice relates.

52I. Waiver of prohibition of vesting
(1) A provision contained in any contract or other document—
(a) prohibiting or having the effect of prohibiting the vesting under section 52B, 52D, 52E or 52F(1); or
(b) to the effect that a default shall occur or be deemed to occur, or any right or liability shall cease, as a result of the vesting under section 52B, 52D, 52E or 52F(1),
and to which KCRC is a party, is deemed to have been waived.
(2) A provision contained in any contract or other document—
(a) prohibiting or having the effect of prohibiting the vesting under section 52C or 52F(3); or
(b) to the effect that a default shall occur or be deemed to occur, or any right or liability shall cease, as a result of the vesting under section 52C or 52F(3),
and to which the Corporation is a party, is deemed to have been waived.