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The Andhra State Act, 1953

Section 47. Apportionment of assets and liabilities.

(1) Subject to the other provisions of this Part, the assets and liabilities of the State of Madras immediately before the appointed day shall be apportioned between that State and the States of Andhra and Mysore in accordance with the provisions contained in the Seventh Schedule. (2) Any dispute relating to, or arising out of, such apportionment shall be referred to the President whose decision shall be final.

Source: IndiaCode Portal, Legislative Department, Ministry of Law and Justice, Government of India. Open on India Code Check against the official text before relying on it.

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