Dissolution and transfer

3.  On 1 August 2013 Coleg Sir Gâr Further Education Corporation (“Corfforaeth Addysg Bellach Coleg Sir Gâr”) is dissolved and all of its property, rights and liabilities are transferred in accordance with section 27C(2) of the Act to Coleg Sir Gar (“Coleg Sir Gar”), being a body corporate established for purposes which include the provision of educational facilities or services, and being a charity established for charitable purposes which are exclusively educational purposes.