ULSTER COLLEGE ACT (NORTHERN IRELAND) 1968 - SECT 5 Provisions consequential on the vesting agreements.

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ULSTER COLLEGE ACT (NORTHERN IRELAND) 1968 - SECT 5

Provisions consequential on the vesting agreements.

5.(1) On the appointed day the Ministry shall be substituted for
the transferor for the purposes of any legal proceedings pending immediately
before that day in relation to any movable property or any Belfast land vested
in the Ministry by virtue of this Act and the proceedings shall not abate by
reason of the substitution.

(2) In the construction and for the purposes of any enactment passed or
document made before the appointed day, any reference which relates to
the transferor or relates to or affects the movable property or Belfast land
vested in the Ministry by virtue of this Act shall be construed as a reference
to the Ministry so far as is necessary for the purpose of or in consequence of
that vesting.

(3) Subsections (1) and (2) shall, on the date on which the Ministry causes a
copy of the second vesting agreement to be lodged with the registering
authority under the Local Registration of Title (Ireland) Act 1891, have
effect in relation to the Jordanstown land as they have effect in relation to
the Belfast land with the substitution of references to that date and that
land for references to the appointed day and the Belfast land, respectively.

(4) Any bequest, gift or trust in favour of the Corporation for the purposes
of the college of art or the college of domestic science shall on
the appointed day be construed and have effect as if the Ministry had been
named or referred to therein instead of the Corporation, whether the bequest,
gift or trust is made, regulated or constituted by any will, scheme, deed or
document or in any other manner, and any such bequest, gift or trust shall be
held by the Ministry for the same purposes of the [Ulster Polytechnic] as the
purposes of the college of art or college of domestic science for which it is
being, or is to be, applied.

(5) Subsection (4) shall have effect whether the bequest, gift or trust is
made or executed, or takes effect, before or after the appointed day.

(6) Any property, whether movable or immovable, vested in the Ministry under
this Act shall be held by the Ministry for the purposes for which
the Governors are constituted, but the Ministry may, if it thinks fit,
transfer any such movable property to the Governors.

(7) In this section

"Belfast land" means the land described in the first vesting agreement;

"Jordanstown land" means the land described in the second vesting agreement;
and

"the transferor" means the Corporation in relation to any property vested in
the Ministry by virtue of section 2(2) or (3) or 3(1) and the Ministry of
Finance in relation to any land vested in the Ministry by section 2(4).

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Northern Irish Legislation

ULSTER COLLEGE ACT (NORTHERN IRELAND) 1968 - SECT 5