|
|
Transfer of property of the Department.
|
8.—(1) Immediately upon the commencement of this Act all land in Saorstát Eireann which immediately before the commencement of this Act is by statute, deed, contract, or otherwise vested in or held in trust for the Department shall without any conveyance thereof become and be vested in or held in trust for (as the case may require) the Minister for all the estate, term and interest for which the same were immediately before the commencement of this Act vested in or held in trust for the Department.
|
|
| |
(2) Immediately upon the commencement of this Act all property and assets (including choses-in-action but excluding land) which immediately before the commencement of this Act, are by statute, deed, contract, or otherwise vested in or held in trust for or by the Department shall vest in the Minister for all the interest for which the same were immediately before the commencement of this Act vested in or held in trust for the Department.
|
|
| |
(3) All moneys, stocks, shares and securities transferred to the Minister by this section which at the date of the commencement of this Act are standing in the books of the Bank of Ireland or of any other corporation or company in the name of the Department shall, upon the request of the Minister, be transferred into the name of the Minister.
|
|
| |
(4) From and after the commencement of this Act, every bond, obligation, security or other chose-in-action made with or to the Department and the benefit of which is transferred by this section may be sued upon by the Minister in his own name and it shall not be necessary for the Minister to give notice to the person bound by such bond, obligation, security or chose-in-action of the transfer effected by this section.
|
