(1) On the coming into
operation of this Act the Association is, by force of this section, dissolved
and the Registrar of Companies shall cancel the Certificate of Incorporation
issued to the Association on 11 September 1959 under the Associations
Incorporation Act 1895 2 .
(2) The Trust shall
deliver to the Registrar of Companies the Certificate of Incorporation
referred to in subsection (1), when requested by him so to do, for the purpose
of the Certificate being cancelled under that subsection.
(3) A reference
—
(a) in a
law of the State; and
(b) in
any document,
in force immediately
before the coming into operation of this Act, to the Association shall be
read, deemed and taken to refer to The Trust.
(4) All real and
personal property and every right and interest therein that immediately before
the date of the coming into operation of this Act was vested in the
Association —
(a)
shall vest in and belong to The Trust for the purposes of this Act; and
(b)
shall be held by it subject to the conditions or trusts on which it was held
immediately before that date.
(5) All rights
accruing or accrued to the Association in respect of any property vested in
The Trust by virtue of this section —
(a) are
vested in The Trust; and
(b) may
be enforced against The Trust.
(6) All contracts,
agreements and undertakings made by the Association and existing immediately
before the date of the coming into operation of this Act, have effect as
contracts, agreements and undertakings by and with The Trust and may be
enforced by and against The Trust accordingly.
(7) Any legal or other
proceedings that might, but for this section, have been continued or commenced
by or against the Association under its corporate name may be continued or
commenced by or against The Trust under its corporate name.