Section 4 Vesting of property

All property in England and Wales to which, immediately before the commencement of this Act, His Holiness Dr. Syedna Mohammed Burhanuddin was entitled in his capacity as the Dai al-Mutlaq, and all rights, liabilities and obligations having effect under the law of England and Wales to which he was then entitled or subject in that capacity, are without further assurance hereby transferred to the Dai al-Mutlaq.