Industrial Development (Forfás Dissolution) Act 2014
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Transfer of property | ||
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21. (1) Subject to section 56B (inserted by section 32 ) of the Act of 2005, on the dissolution day, all property (other than land), including choses-in-action, that immediately before that day was vested in the dissolved body shall stand vested in the Minister without any assignment. | ||
(2) Every chose-in-action vested in the Minister by virtue of subsection (1) may, on and from the dissolution day, be sued on, recovered or enforced by the Minister in his or her own name, and it shall not be necessary for the Minister to give notice to any person bound by the chose-in-action of the vesting effected by that subsection. |