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Transfer of property, rights, liabilities and obligations

3.—(1) All property, rights, liabilities and obligations of each of the Barony Board, the Elmwood Board and the Oatridge Board are transferred to and vested in The Scottish Agricultural College.

(2) Any references to Barony, the Barony Board, Elmwood, the Elmwood Board, Oatridge or the Oatridge Board in any instrument are to be construed as a reference to The Scottish Agricultural College.

(3) Any action or proceeding by or against any or all of the Barony Board, the Elmwood Board, and the Oatridge Board pending or current, immediately before this Order comes into force, may be continued by or against The Scottish Agricultural College.

(4) For the purposes of this article “instrument” does not include enactment.