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in respect of properties and functions transferred to the Authority under this Act to another person, or by any person to the Institute or to a committee of agriculture or the Minister in respect of such properties and functions, and in force immediately before the commencement of section 53 and every contract or agreement in writing between the Institute, a committee of agriculture or the Minister in respect of such properties or functions and another person and not fully executed and completed before such commencement shall, notwithstanding the transfer of property effected by this Act, continue in force after such commencement and shall be construed and have effect as if the name of the Authority were substituted therein for, as the case may be, the name of the Institute or a committee of agriculture or the Minister, and such security, contract or agreement shall be enforceable accordingly by or against the Authority.
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