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