An Bord Bia Act, 1994

Transfer of property.

48.—(1) On the establishment day all property, including choses-in-action, which immediately before that day was the property of the dissolved body shall stand vested in the Board without any conveyance or assignment.

(2) Every chose-in-action transferred by subsection (1) to the Board may be sued on and recovered or enforced by the Board in its own name and it shall not be necessary for the Board to give notice to the person bound by the chose-in-action of the transfer effected by that subsection.

(3) Section 12 of the Finance Act, 1895 , shall not apply to the vesting in the Board of any property or rights transferred by this Act.