38. (1) All rights and liabilities of either of the dissolved bodies arising by virtue of any contract or commitment (expressed or implied) entered into by either of them before the establishment day shall on that day stand transferred to the Forum.

(2) Every right and liability transferred by subsection (1) to the Forum may, on and after the establishment day, be sued on, recovered or enforced by or against the Forum in its own name, and it shall not be necessary for the Forum, or either of the dissolved bodies, as the case may be, to give notice to the person whose right or liability is transferred by that subsection of such transfer.

(3) Every lease, licence, wayleave or permission granted by either of the dissolved bodies in relation to land or other property vested in the Forum by or under this Act, and in force immediately before the establishment day, shall continue in force as if granted by the Forum.