Paragraph 4 Transfer of property, etc

All property, estate and effects, heritable and moveable, real and personal, corporeal and incorporeal, of every description and all rights, interests, powers and privileges of the regional colleges which immediately before the appointed day belonged to or were vested in or exercisable by the regional colleges shall on the appointed day, without any conveyance, transfer, disposition, assignation, or other instrument, be vested in, or be exercisable by, the College for all the right, title and interest therein of the regional colleges.