Air Navigation and Transport (Amendment) Act, 1998
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PART III Transfer of Property and Carrying out of Works by Company | ||
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Transfer of land and other property. |
14.—(1) On the vesting day, all lands which immediately before that day were— | |
(a) vested in the Minister and used or intended to be used in connection with— | ||
(i) a function of the Minister corresponding to a function conferred on the company by section 16 , or | ||
(ii) the provision of terminal services at an airport, | ||
or | ||
(b) held by the company in trust for the Minister, | ||
(which lands comprise the airports known as Dublin Airport, Cork Airport and Shannon Airport) and all rights, powers and privileges relating to or connected with such lands shall, without any conveyance or assignment and, subject to subsection (2), stand vested in the company for all the estate or interest therein which immediately before the vesting day was vested in the Minister but subject to all trusts and equities affecting the lands subsisting and capable of being performed. | ||
(2) Subsection (1) shall not operate to vest in the company any minerals or any rights of mining or taking minerals. | ||
(3) On the vesting day all property, other than land, including choses-in-action, which immediately before that day was— | ||
(a) vested in the Minister, or | ||
(b) held in trust by the company for the Minister, | ||
and was used or intended to be used in connection with a function of the Minister corresponding to a function conferred on the company by section 16 shall stand vested in the company without any assignment. | ||
(4) Every chose-in-action vested in the company by virtue of subsection (3) may, as on and from the vesting day, be sued on, recovered or enforced by the company in its own name and it shall not be necessary for the company or the Minister to give notice to the person bound by the chose-in-action of the vesting effected by that subsection. | ||
(5) On the vesting day the company shall, in respect of the lands and other property vested in the company under this section, pay to the Minister for Finance such amount as the Minister for Finance, with the consent of the Minister, may determine. |