5.— (1) On the commencement of this Act, all the shares in Anglo Irish Bank are transferred to the Minister.

(2) Subsection (1) transfers the shares in Anglo Irish Bank without the necessity for any instrument.

(3) Subsection (1) vests title to the shares in the Minister—

(a) freed from any liability or any equitable or beneficial right, title or interest (including a security interest) formerly attaching to any such share, and

(b) together with all rights, benefits and privileges which, on or after the commencement of this Act, attach or accrue to or arise from any such share.