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4.—(1) On 1st December 2001 there shall be transferred to and vested in the governing body of Aberdeen University the following property, rights, liabilities and obligations to which immediately before 1st December 2001 the governing body of the College was entitled or subject:–
(a)the land and buildings at Hilton Place, Aberdeen AB24 4FA;
(b)all staff who perform the whole or substantial part of their duties from the Aberdeen Campus prior to the vesting date; and
(c)all corporeal property situated on the Aberdeen Campus immediately prior to the vesting date.
(2) On 1st December 2001 there shall be transferred to and vested in the governing body of Dundee University the following property, rights, liabilities and obligations to which immediately before 1st December 2001 the governing body of the College was entitled or subject:–
(a)the land and buildings at Gardyne Road, Dundee DD5 1NY, Mayfield Residence, 169 Arbroath Road, Dundee DD4 6LD and Mayfield Pavilion and House, 193 Arbroath Road, Dundee DD4 7HS;
(b)all staff who perform the whole or substantial part of their duties from the Dundee Campus prior to the vesting date; and
(c)all corporeal property situated on the Dundee Campus immediately prior to the vesting date.
(3) On 1st December 2001 there shall be transferred to and vested in the governing bodies of Aberdeen University and Dundee University jointly and severally all property, rights, liabilities obligations and contracts to which immediately before 1st December 2001 the governing body of the College was entitled or subject and which have not transferred under paragraph (1) or (2) above.
(4) References to the College or the governing body thereof–
(a)in any agreement, deed, bond, instrument or notice;
(b)in any action or proceeding pending or existing at 1st December 2001 by or against the governing body of the College before any court or other tribunal; and
(c)in any other document whatsoever relating to or affecting any property, right, liability or obligation of the governing body of the College which vests by virtue of this Article in the governing body of Aberdeen University or the governing body of Dundee University,
shall be taken on or after 1st December 2001 as referring to the governing body of Aberdeen University if transferred in accordance with paragraph (1) or the governing body of Dundee University if transferred in accordance with paragraph (2) or the governing bodies of Aberdeen University and Dundee University jointly and severally if transferred in accordance with paragraph (3).
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