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(2) All property whether real and personal (including choses-in-action) which immediately before the dissolution of the Cumann was vested in, belonged to, or was held in trust for, the dissolved Cumann, subject however, to any incumbrances, rights or liabilities affecting the property immediately before such dissolution, and all rights, powers and privileges relating to or connected with any such property shall, on the dissolution of the Cumann and without any conveyance or assignment but subject where necessary to transfer in the books of any bank, corporation, or company, become and be vested in or the property of or held in trust for (as the case may require) the Institution for all the estate, term or interest for which the same immediately before such dissolution was vested in or belonged to or was held in trust for the dissolved Cumann.
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(3) All property transferred by this section which, immediately before the dissolution of the Cumann, was standing in the books of any bank or was (registered in the books of any bank, corporation, or company shall, upon the request of the Institution made on or at any time after the dissolution of the Cumann, be transferred in such books by such bank, corporation, or company into the name of the Institution.
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(4) On and after the dissolution of the Cumann every chose-in-action transferred by this section to the Institution may be sued upon, recovered, or enforced by the Institution in its own name and it shall not be necessary for the Institution to give notice to the person bound by such choses-in-action of the transfer effected by this section.
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