Clause 26

As from the appointed day, all movable and immovable property vested in the Corporation immediately before that day, and all assets, rights, interests, liabilities and obligations of the Corporation shall be transferred to and shall vest in the Authority without further assurance.

If any question arises as to whether any particular property, or whether any particular asset, interest, right, liability or obligation has been transferred to or vested in the Authority under subsection (1), a certificate under the hand of the Minister shall be conclusive evidence that the property, asset, interest, right, liability or obligation was or was not so transferred or vested.

Any immovable property to be transferred to and vested in the Authority under subsection (1) shall be held by the Authority upon such tenure and subject to such terms and conditions as the President may determine.