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University of Manchester Act 2004
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- UK Local Acts
- 2004 c. iv
- Part 2
- Section 5
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5Transfer of property, functions, etc., to University
(1)Such of the following as immediately before the appointed day belonged to or were vested in or exercisable by the existing bodies—
(a)all property, real and personal, of every description (including things in action), and
(b)all rights, interests, privileges, and functions,
shall on the appointed day, without any conveyance, transfer, assignment or other instrument, be transferred to and vested in, or be exercisable by, the University for all the estate and interest therein of the existing bodies.
(2)Without prejudice to the general effect of subsection (1) above, the property of the existing bodies transferred to the University by that subsection shall include such interests as the existing bodies may have in the properties specified in Schedule 1 to this Act and the trust funds specified in Schedule 2 to this Act.
(3)All intellectual property transferred by subsection (1) above shall be valued for all purposes in connection with the transfer at one pound.
(4)In this section “functions” includes functions conferred by or under any enactment.
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