4Transfer of property, etc

(1)Subject to subsection (2) below, all property, real and personal, of every description (including things in action) and all rights and privileges of the existing bodies which immediately before the appointed day belonged to or were vested in or exercisable by the existing bodies shall on the appointed day, without any conveyance, transfer, assignment or other instrument, be transferred to and vested in, or be exercisable by, the College for all the estate and interest therein of the existing bodies.

(2)Notwithstanding the provisions of subsection (1) above, the freehold property known as “The Medical College of St. Bartholomew’s Hospital, Charterhouse Square, London EC1M 6BQ” and registered at Her Majesty’s Land Registry under Title No. NGL 644815 shall on the appointed day be transferred to The Medical College of St. Bartholomew’s Hospital Trust.