41.—(1) The Minister may by order (in this section referred to as a “dissolution order”) provide for the dissolution of the Agency.

(2) A dissolution order shall contain such provisions as the Minister considers necessary or expedient consequent on the dissolution effected by the order and, in particular, may make provision for—

(a) the transfer or distribution of the property, rights and liabilities of the Agency to one or more than one statutory body: provided no transfer or distribution of the property, rights or liabilities shall take place without the consent of the person to whom property, rights or liabilities are transferred or distributed,

(b) the substitution for the name of the Agency of the name of any appropriate person in any legal proceedings which are pending at the date of the said dissolution order and to which the Agency is a party and the proceedings shall not abate by reason of the substitution: provided that no substitution of name shall take place without the consent of the person whose name is substituted, and

(c) the transfer, notwithstanding any restriction contained in any other Act but subject to subsection (3), of any employee of the Agency to an employment under a statutory body, being an employment similar to that in which the employee was engaged under the Agency: provided that no such transfer shall take place without the consent of the said employee or the consent of the said statutory body.

(3) A dissolution order shall not contain a provision transferring an employee to an employment under a Department of State except with the consent of the Minister for Finance.

(4) A dissolution order shall not be construed as affecting any obligation imposed on a local authority by section 7(4) of the Urban Renewal Act 1986.