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101. (1) All lands that, immediately before the dissolution day, were vested in a Director and all rights, powers and privileges relating to or connected with such lands shall, on that day, without any conveyance or assignment, stand vested in the relevant Minister for all the estate or interest therein that, immediately before that day, was vested in the Director, but subject to all trusts and equities affecting the lands continuing to subsist and being capable of being performed.
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(2) All property (other than land), including choses-in-action, that immediately before the dissolution day, was vested in a Director shall, on that day, stand vested in the relevant Minister without any assignment.
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(3) Every chose-in-action vested in the relevant Minister by virtue of subsection (2) may, on and after the dissolution day, be sued on, recovered or enforced by the relevant Minister in his or her name, and it shall not be necessary for the relevant Minister or the Director to give notice to any person bound by the chose-in-action of the vesting effected by that subsection.
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