4Dissolution of existing bodies
(1)On the appointed day, by virtue of this Act—
(a)The Victoria University of Manchester and the University of Manchester Institute of Science and Technology shall be dissolved and the Royal Charters granted for each of those bodies (being the Royal Charters referred to in paragraphs (2), (3), (5), (7) and (12) of the Preamble to this Act) shall be revoked; and
(b)Project Unity shall be dissolved.
(2)The Board shall notify the registrar of the effect of paragraph (b) of subsection (1) above and of section 13 (Restriction on use of certain names) of this Act within 14 days of the appointed day; and the registrar shall record the dissolution of Project Unity.
(3)In subsection (2) above, the “registrar” has the meaning given in section 744 of the Companies Act 1985 (c. 6).