Article 3 Transfer of property, rights, liabilities and obligations

There is transferred to and vested in the Ayr Board all property, rights, liabilities and obligations of the James Watt Board in relation to Largs Campus, Nethermains Campus and North Ayrshire Campus.

There is transferred to and vested in the Clydebank Board all property, rights, liabilities and obligations of the James Watt Board in relation to Finnart Campus and Waterfront Campus.

There is transferred to and vested in the Ayr Board and the Clydebank Board jointly and severally all property, rights, liabilities and obligations, which have not transferred under paragraph (1) or (2) above.

Any references to James Watt or the James Watt Board in any instrument are to be taken on or after the vesting date as referring to the Ayr Board if transferred in accordance with paragraph (1), or the Clydebank Board if transferred in accordance with paragraph (2), or the Ayr Board and the Clydebank Board jointly and severally if transferred in accordance with paragraph (3).

Any action or proceeding by or against the James Watt Board pending or current, immediately before this Order comes into force, may be continued by or against the Ayr Board, or the Clydebank Board, or the Ayr Board and the Clydebank Board jointly and severally.

For the purposes of this article, “instrument” does not include enactment.

This article applies subject to the provisions of article 5.