20.—(1) All property, rights and liabilities to which this paragraph applies shall on the appointed day be transferred to, and by virtue of this paragraph vest in, the Council.
(2) This paragraph applies to property, rights and liabilities which—
(a)at any time before the appointed day were transferred by an order under Schedule 2 to the Nursing and Midwifery Order 2001 from the National Board to the Department or a person or body established or authorised by the Department; and
(b)subsist immediately before the appointed day.
(3) In this paragraph and paragraph 21—
“the appointed day” means the day appointed under section 4 for the coming into operation of this paragraph;
“the National Board” means the National Board for Nursing, Midwifery and Health Visiting for Northern Ireland.
(4) This paragraph does not apply to rights and liabilities under or in connection with a contract of employment (which are dealt with by paragraph 21).