Section 11: Transfer of property

(1) All property (with the exception of the Federal Root Crops Research Institute, Umudike) held by or on behalf of each University shall, by virtue of this subsection and without further assurance, vest in the University and be held by it for the purposes of the University.
(2) The provisions of the Second Schedule to this Act shall have effect with respect to matters arising from the transfer of property by this section and with respect to the other matters mentioned in that Schedule.
[Second Schedule.]