Article 4 Transfer of property, rights, liabilities and obligations

(1)

On 1st October 1998 there shall be transferred to and vest in the University all property, rights, liabilities and obligations to which immediately before 1st October 1998 the College company 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 College or the College company or the governors of the College company–

(a)

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

(b)

in any action or proceeding pending or existing at 1st October 1998 by or against the College company or the governors of the College company 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 College company or the governors of the College company which vests by virtue of this Article in the University,

shall be taken on or after 1st October 1998 as referring to the University.