Transfer of property, rights, liabilities and obligations

3.—(1) All property, rights, liabilities and obligations of the Coatbridge Board are transferred to and vested in the New College Lanarkshire Board.

(2) Any reference to Coatbridge or the Coatbridge Board in any instrument is to be construed as a reference to either New College Lanarkshire or the New College Lanarkshire Board as may be appropriate.

(3) Any action or proceeding by or against the Coatbridge Board pending or current, immediately before this Order comes into force, may be continued by or against the New College Lanarkshire Board.

(4) For the purposes of this article, “instrument” does not include enactment.