32. (1) On the establishment day, all lands that, immediately before that day, were vested in the Council or the Authority and all rights, powers and privileges relating to or connected with such lands shall, without any conveyance or assignment, stand vested in Sport Ireland for all the estate or interest therein that, immediately before the establishment day, was vested in the Council or the Authority, as the case may be, but subject to all trusts and equities affecting the lands concerned continuing to subsist and capable of being performed.

(2) On the establishment day, all property (other than land), including choses-in-action, that, immediately before that day, was vested in the Council or the Authority shall stand vested in Sport Ireland without any assignment.

(3) Every chose-in-action vested in Sport Ireland by virtue of subsection (2) may, on and from the establishment day, be sued on, recovered or enforced by Sport Ireland in its own name and it shall not be necessary for Sport Ireland, or the Council or the Authority, as the case may be, to give notice to any person bound by any such chose-in-action of the vesting by this section.