Section 22: 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 Second Schedule shall have effect with respect to matters arising from the transfer of the property of the Incorporated Institute to the Institute under this section, before the commencement of this Act, and with respect to other matters mentioned in the Second Schedule to this Act. [Second Schedule]