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Subject to subsection (2) of section 4 (Transfer of property, etc.) of this Act, all agreements, appointments, awards, contracts, deeds and other instruments, and all actions and proceedings and causes of action, which immediately before the appointed day were existing or pending in favour of, or against, the existing bodies shall on and from the appointed day continue and may be carried into effect, enforced and prosecuted by, or in favour of, or against, the College to the same extent and in like manner as if the College instead of the existing bodies had been party to, or interested in, the same respectively.
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