Section 32: Transitional Provisions.

(1) Under this Act, all property (movable and immoveable) held by or on behalf of the College shall, as from the commencement of this Act, vest in the College.
(2) From the commencement of this Act-
(a) all rights, interests, obligations and liabilities of the College existing immediately before the commencement of this Act under any contract or instrument, oral law or in equity shall, by virtue of this Act, be assigned to and vested in the College;
(b) the contract or instrument mentioned in paragraph (a) shall be of the same force and effect against or in favour of the College and shall be enforced fully and effectively as if the College had been named therein or had been a party thereto; and
(c) the College shall be subject to all the obligations and liabilities to which the College was subject to immediately before the commencement of this Act and all other persons shall have the same rights, powers and remedies against the College as they had against the College immediately before the commencement of this Act.
(3) Where, before the commencement of this Act, a person was a member or staff of the former College, that person shall, by virtue of this Act, confirmed to be a member or a staff of the College.
(4) Any proceeding or cause of action pending or existing before the commencement of this Act by or against the College may be commenced, continued or enforced by or against the College as it might have been against the College if this Act had not been made.