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PART III
Transitional Provisions
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Dissolution of Irish Goods Council.
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12.
—The Irish Goods Council (“the dissolved body”), a company limited by guarantee and not having a share capital, is hereby dissolved.
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Transfer of staff.
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13.
—A person who, immediately before the dissolution of the dissolved body, was an officer or servant of the dissolved body shall on the commencement of this section become and be an officer or servant of the Board on terms and conditions not less favourable than those applicable to that person immediately before that commencement.
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Transfer of property.
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14.
—(1) On the commencement of this section all property, including chose-in-action, which immediately before that commencement was the property of the dissolved body shall stand vested in the Board without any conveyance or assignment.
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(2) Every chose-in-action transferred by subsection (1) of this section 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.
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Transfer of rights and liabilities and continuance of pending proceedings.
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15.
—(1) All rights and liabilities of the dissolved body shall on the commencement of this section stand transferred to the Board.
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(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.
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(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.
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