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Transfer of land and other property
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33. (1) On the establishment day, all lands that, immediately before that day, were vested in the dissolved company a nd all rights, powers and privileges relating to or connected with such lands shall, without any conveyance, transfer or assignment, stand vested in the NCH for all the estate or interest therein that immediately before the establishment day was vested in the dissolved company but subject to all trusts and equities affecting that land subsisting and capable of being performed.
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(2) On the establishment day, all property (other than land) (including choses-in-action) that, immediately before that day, was vested in the dissolved company shall, without any assignment stand transferred to the NCH in trust on behalf of the Minister.
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(3) Every chose-in-action vested in the NCH by virtue of subsection (2) may, on and after the establishment day, be sued upon, recovered or enforced by the NCH in its own name and it shall not be necessary for the dissolved company to give notice to a person bound by the chose-in-action of the vesting effected by that subsection.
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(4) All moneys, stocks, shares and securities transferred to the NCH by subsection (2) which, immediately before the establishment day, are in the name of the dissolved company shall, upon the request of the NCH be transferred into its name.
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