Transfer of rights and liabilities and continuance of pending proceedings.
29.—(1) All rights and liabilities of the dissolved body shall on the commencement of this Act stand transferred to the Agency.
(2) Every right and liability transferred by subsection (1) of this section to the Agency may be sued on, recovered or enforced by or against the Agency in its own name and it shall not be necessary for the Agency 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 Act to which the dissolved body was a party shall be continued with the substitution for the dissolved body of the Agency.