Section 20: Transfer of property

(1) From the commencement of this Act –
(a) all properties held by or on behalf of the Incorporated Institute before this Act, by virtue of this section shall be vested on the Institute; and
(b) subject to subsection (2), any act, or matter made or done by the Incorporated Institute before this Act shall continue to have effect.
(2) The provisions of this Act shall have effect with respect to matters arising from the transfer by this section to the Institute of the property of the Incorporated Institute before this Act, and with respect to the other matters mentioned in the Second Schedule to this Act. [Second Schedule]