Tobolar Copra Processing Authority (Amendment) Act 2012 (P.L. 2012-1)

This Act establishes the Tobolar Copra Processing Authority Act by repealing section 1313. That section authorized and directed the Authority: (1) to enter into appropriate arrangements with the Tobolar Copra Processing Plant, Inc., for the assumption of all right and title to any and all assets, equipment, contracts, liabilities, rights, obligations, functions, powers, etc., that Tobolar Copra Processing Plant, Inc. may have or control, including all rights to the use of the name “Tobolar”; and (2) upon liquidation of the Tobolar Copra Processing Plant, Inc. in accordance with the laws of the Republic, the Tobolar Copra Processing Authority shall acquire all assets, equipment, contracts, liabilities, rights, obligations, functions, powers, etc. of Tobolar Copra Processing Plant, Inc. including all rights to the use of the name “Tobolar