National Cultural Institutions (National Concert Hall) (Amendment) Act 2023

Transfer of property

6. (1) On the transfer day, such property (other than land), including choses-in-action, as may be agreed between RTÉ and the NCH and that immediately before the transfer day was vested in RTÉ, shall, with the consent of the Minister but without any further assignment, stand vested in the NCH in trust on behalf of the Minister.

(2) Every chose-in-action vested in the NCH by virtue of subsection (1) may, on and after the transfer day, be sued upon, recovered or enforced by the NCH in its own name and it shall not be necessary for the NCH or RTÉ to give notice to the person bound by any such chose-in-action of the vesting effected by that subsection.

(3) All moneys, stocks, shares and securities vested in the NCH by virtue of subsection (1) that, immediately before the transfer day, were standing in the name of RTÉ shall, upon the request of the NCH be transferred into its name.