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Preservation of certain continuing contracts and adaptation of references to Institute, Council, An Chomhairle, Board and committees of agriculture.
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23.—(1) Every bond, guarantee or other security of a continuing nature made or given by or on behalf of the Institute, the Council, An Chomhairle, the Board or a committee of agriculture to any person or given by any person to and accepted by or on behalf of the Institute, the Council, An Chomhairle, the Board or a committee of agriculture and every contract or agreement made between the Institute, the Council, An Chomhairle, the Board or a committee of agriculture and any other person and in force but not fully executed and completed immediately before the establishment day shall continue in force on or after that day and shall be construed and have effect as if the name of Teagasc was substituted therein for that of the Institute, the Council, An Chomhairle or the Board, as the case may be, and the name of the Minister was substituted therein for that of the committee of agriculture.
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(2) References to the Institute, the Council, An Chomhairle or the Board contained immediately before the establishment day in the memorandum and articles of association of any company shall, on and after that day, be construed as references to Teagasc.
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