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Transfer of certain property.
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52.— (1) All land which, immediately before the commencement of this Part, was vested in the Agency and all rights, powers and privileges relating to or connected with that land are, on such commencement, without any conveyance or assignment, transferred to and vested in the Executive.
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(2) All property other than land (including choses-in-action), which, immediately before the commencement of this Part, was the property of the Agency shall, on such commencement, stand transferred to the Executive without any assignment.
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(3) Every chose-in-action transferred by subsection (2) may, on and after the commencement of this Part, be sued upon, recovered or enforced by the Executive in its name and it shall not be necessary for the Executive to give notice to any person bound by the chose-in-action of the transfer effected by that subsection.
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(4) Any moneys, stocks, shares and securities transferred to the Executive by subsection (2) which, immediately before the commencement of this Part, are in the name of the Agency shall, upon the request of the Executive, be transferred into its name.
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