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Transfer of land and other property.
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47.—(1) On the establishment day all land which, immediately before the establishment day, was vested in the Custom House Docks Development Authority and all rights, powers and privileges relating to or connected with that land shall, by virtue of this section, stand vested in the Dublin Docklands Development Authority for all the estate or interest for which immediately before the establishment day it was vested in the Custom House Docks Development Authority.
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(2) On the establishment day all property other than land (including choses-in-action), which, immediately before that day, was the property of the Custom House Docks Development Authority shall, by virtue of this section but subject where necessary to transfer in the books of any bank, corporation or company, be transferred to the Dublin Docklands Development Authority.
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(3) Every chose-in-action transferred by subsection (2) may, on or after the establishment day, be sued upon, recovered or enforced by the Dublin Docklands Development Authority in its own name and it shall not be necessary for that Authority to give notice to the person bound by any such chose-in-action of the transfer effected by this section.
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