Dublin Transport Authority (Dissolution) Act, 1987

Transfer of certain property and liabilities of Authority.

3.—(1) The following shall be and hereby are transferred to the Minister:

(a) all property and rights held or enjoyed immediately before the commencement of this Act by the Authority,

(b) all liabilities incurred before such commencement by the Authority that had not been discharged before such commencement,

and, accordingly, without any further conveyance, transfer or assignment—

(i) the said property, real and personal, shall on such commencement vest in the Minister for all the estate, term or interest for which, immediately before such commencement, it was vested in the Authority but subject to all trusts and equities affecting the property and capable of being performed,

(ii) the said rights shall, as on and from such commencement, be enjoyed by the Minister,

(iii) the said liabilities shall, as on and from such commencement, be the liabilities of the Minister.

(2) All moneys, stocks, shares and securities transferred to the Minister by this section which, immediately before the commencement of this Act, are standing in the name of the Authority shall, upon the request of the Minister, be transferred into his name.

(3) Every right and liability transferred by subsection (1) of this section to the Minister may, on or after the commencement of this Act, be sued on, recovered or enforced by or against the Minister in his own name and it shall not be necessary for the Minister to give notice to the person whose right or liability is transferred by that subsection of the transfer.