19 The Congregational Union of Scotland Nominees Limited
(1) On the date of unification the name of the company shall be changed to The United Reformed Church (Synod of Scotland) Nominees Limited.
(2) On and from the date of unification the only members of the company shall be those members who immediately before that date were members of the Council of Management of the company or who have been appointed under the provisions of subsection (3) of this section, and all other members shall be deemed to have retired from membership immediately before that date.
(3) (a) On and from the date of unification the Synod of Scotland shall have sole power of appointing members of the Council of Management of the company.
(b) The Synod of Scotland may delegate the power conferred on it by paragraph (a) of this subsection to such other body or person as it thinks fit.
(4) Subject to the provisions of this Act, on and after the date of unification references in the Memorandum and Articles of Association of the company to the Union and to its annual assembly and general committee shall be read and construed, unless the context otherwise requires, as references to the Synod of Scotland and references to member churches of the Union shall be read and construed as references to churches which—
(a) were member churches of the Union immediately prior to its dissolution; or
(b) are local churches in Scotland of the United Reformed Church.
(5) Where immediately before the date of unification the company is acting as nominee of a non-concurring church or as trustee of assets held in trust for or on behalf of a non-concurring church, the company shall, notwithstanding the provisions of subsection (4) of this section, continue so to act until that non-concurring church appoints another body or person to act as nominee or trustee in its place.
(6) Forthwith after the date of unification a copy of this Act printed by the Queen’s Printer shall be sent to the Registrar of Companies in Scotland who shall enter the new name of the company on the register in place of the former name and shall issue a certificate of incorporation altered to meet the change of name.
(7) The production of a copy of this Act printed by the Queen’s Printer shall on and after the date of unification be conclusive evidence in all courts and proceedings of the matters set forth in this section.