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(1)In this section:—
“the Club” means the unincorporated association known as University of Wales College of Medicine Students' Club;
“the constitution” means the constitution of the Club adopted on 6th February 2001 and amended on 24th September 2003.
(2)Subsection (3) below shall have effect if the Club is dissolved in accordance with the constitution upon the dissolution of the College on the appointed day.
(3)If this subsection has effect—
(a)sections 5 to 8 of this Act shall apply to the Club with all necessary modifications as if for references to the College there were substituted references to the Club; and
(b)the Institution shall hold all property, rights and privileges so transferred to it for the benefit of the students of the Institution, and may transfer the same without payment to any other body appearing to the Institution to have such aims, objects and functions in relation to such students as are similar to those of the Club prior to its dissolution.
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