Cap. 409 Art. 50Transfer of property.

(1) With effect from the appointed day all property which, immediately before the appointed day, was vested in or belonged to the National Tourism Organization shall, by virtue of this Act, be transferred to and shall vest in the Authority under the same title by which they were held by the National Tourism Organization immediately before that day.

(2) Such transfer shall extend to the whole of such property, movable and immovable, assets, powers, rights, both real and personal, privileges and causes of action held or enjoyed in connection therewith or appertaining thereto.