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Transfer of land and other property to education and training boards.
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47.— (1) The Minister may, from time to time, by order, appoint a day (in this section referred to as a “property vesting day”) for the purposes of this section and different property vesting days may be so appointed in relation to different education and training boards.
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(2) An order under this section shall designate such land or other property of An tSeirbhís and such education and training board as the Minister may determine for the purposes of this section.
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(3) On a property vesting day any land designated by the order and all rights, powers and privileges relating to or connected with such land shall, without any conveyance or assignment, stand vested in the education and training board designated by the order for all the estate or interest therein that, immediately before that day, was vested in An tSeirbhís, but subject to all trusts and equities affecting the land continuing to subsist and being capable of being performed.
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(4) On a property vesting day all property (other than land), including choses-in-action, designated by the order that immediately before that day, was vested in An tSeirbhís shall, without any assignment, stand vested in the education and training board designated by the order.
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(5) Every chose-in-action vested in an education and training board by virtue of subsection (4) may, on and after the property vesting day concerned, be sued on, recovered or enforced by the education and training board in its own name, and it shall not be necessary for the education and training board or An tSeirbhís to give notice to any person bound by the chose-in-action of the vesting effected by that subsection.
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(6) All functions of An tSeirbhís connected with any land or other property standing vested in an education and training board by virtue of this section shall, from the property vesting day concerned, be performable by that education and training board in relation to such land or property.
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