| |
12. (1) All lands that, immediately before the transfer day, were vested in the dissolved body and all rights, powers and privileges relating to or connected with such lands shall, on that day, without any conveyance or assignment, stand vested in Gas Networks Ireland for all the estate or interest therein that, immediately before that day, was vested in the dissolved body, but subject to all trusts and equities affecting the lands continuing to subsist and being capable of being performed.
|
|
| |
(2) All property (other than land), including choses-in-action, that immediately before the transfer day, was vested in the dissolved body shall, on that day, stand vested in Gas Networks Ireland without any assignment.
|
|
| |
(3) Every chose-in-action vested in Gas Networks Ireland by virtue of subsection (2) may, on and after the transfer day, be sued on, recovered or enforced by Gas Networks Ireland in its own name, and it shall not be necessary for Gas Networks Ireland or the dissolved body to give notice to any person bound by the chose-in-action of the vesting effected by that subsection.
|
