95.— (1) All land that, immediately before the commencement of this section, was vested in the Council and all rights, powers and privileges relating to or connected with that land shall, on that commencement and without any conveyance or assignment, stand transferred to and vested in the Board.

(2) All property other than land (including choses-in-action) that, immediately before the commencement of this section, is the property of the Council shall, on that commencement, stand transferred to the Board without any assignment.

(3) Every chose-in-action transferred by subsection (2) may, on or after that transfer, be sued on, recovered or enforced by the Board in its name.

(4) It shall not be necessary for the Board to give notice to any person bound by a chose-in-action transferred by subsection (2) of that transfer.

(5) Any moneys, stocks, shares and securities transferred by subsection (2) that, immediately before the commencement of this section, were in the name of the Council shall, upon the request of the Board, be transferred into the name of the Board.