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Transfer of property other than land.
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38.—(1) On the establishment day all property (other than land, museum heritage objects and library material) including choses-in-action, which immediately before that day was the property of the Minister and was used in connection with a function of the Minister corresponding to a function of a Board shall stand vested in the Board without any assignment.
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(2) The Minister may on his or her initiative and shall on the application of a Board issue a certificate in respect of specified property stating, as he or she thinks proper, that the property vested in a Board under this section or did not so vest and the certificate shall be conclusive evidence of the facts so stated.
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(3) Every chose-in-action transferred by subsection (1) to a Board may, after the establishment day, be sued on, recovered or enforced by the Board in its own name and it shall not be necessary for the Board or the Minister to give notice to the person bound by the chose-in-action of the transfer effected by that subsection.
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