Transfer of rights and liabilities and continuance of pending proceedings.
15.—(1) All rights and liabilities of the dissolved body shall on the commencement of this section stand transferred to the Board.
(2) Every right and liability transferred by subsection (1) of this section to the Board may be sued on, recovered or enforced by or against the Board in its own name and it shall not be necessary for the Board to give notice to the person whose right or liability is transferred by this section of such transfer.
(3) All legal proceedings pending immediately before the commencement of this section to which the dissolved body was a party shall be continued with the substitution for the dissolved body of the Board.
