Article 4 Transfer of property, rights, liabilities and obligations

(1)

On 1st April 1993 there shall be transferred to and vest in the governing body of the University all property, rights, liabilities and obligations to which immediately before 1st April 1993 the governing body of the Polytechnic or the College was entitled or subject.

(2)

The vesting of property, rights, liabilities and obligations under this Article shall have effect, notwithstanding—

(a)

anything to the contrary in, or

(b)

any condition relating to the transfer of such property, rights, liabilities or obligations contained in,

any enactment, rule of law or obligation.

(3)

References to the Polytechnic or the College or the governing bodies thereof—

(a)

in any agreement, deed, bond, instrument or notice;

(b)

in any action or proceeding pending or existing at 1st April 1993 by or against the governing body of the Polytechnic or the College before any court or other tribunal; and

(c)

in any other document whatsoever relating to or affecting any property, right, liability or obligation of the governing body of the Polytechnic or the College which vests by virtue of this Article in the governing body of the University;

shall be taken on or after 1st April 1993 as referring to the University or the governing body of the University as appropriate.