Section 9: Vesting of assets of former branch

(1) On the day on which this Act comes into operation all the assets and liabilities of the former branch shall be transferred to and vest in the Society by virtue of this section and without further assurance.
(2) All deeds, bonds, instruments and contracts subsisting immediately before the day on which this Act comes into operation to which the trustees of the former Branch are parties shall be of as full force and effect against or in favour of the Society and enforceable as fully and effectually as if, instead of the trustees of the former branch, the Society had been a party thereto.
(3) All assets held by the former branch for the purpose of any State Branch or Division of the former branch shall continue to be held by the Society for the purposes of the corresponding State Branch or Division of the Society.