S.L. 327.437 Art. 27Transfer of property.

(1) The property and undertakings owned by the Government and used by it immediately before the date of the coming into force of this Order, where used by it for the operation of any of the functions which by this Order are being transferred to or vested in the Academy shall, on the date aforesaid, by virtue of this Order and without further assurance, be transferred to and be vested in the Academy under the same title by which they were held by the Government immediately before the said date. The provisions of this article shall not apply to immovable property.

(2) The use and administration of the immovable assets from time to time specified in an order made by the President of Malta and published in the Gazette (hereinafter referred to as "the immovable assets") being immovable assets which, immediately before the coming into force of this Order, were owned by the Government and used by it for the exercise of any of the functions which by this Act are being transferred to or vested in the Academy, shall, with effect from such day as may be specified in any such Order and by virtue of this Order and without any further assurance, be transferred to and vested in the Academy under the same title by which they were held by the Government before such day.

(3) The transfer and vesting aforesaid shall extend to the whole of such property and undertakings and, without prejudice to the generality aforesaid, shall include all plant, equipment, apparata, instruments, vehicles, craft, buildings, structures, installations, land, roads, works, stocks and other property movable or immovable, assets, powers, rights and privileges and all things necessary or ancillary thereto which are held or enjoyed in connection therewith or appertaining thereto, as well as all obligations affecting or relating to any of the aforesaid property or undertakings or other thing included therein as aforesaid.

(4) Any transfer of property, whether moveable or immovable, shall be subject to all those terms and conditions that the President, on consultation with the Minister, may deem necessary to ensure that such property is exclusively used for the purposes of the functions of the Academy or purposes ancillary thereto.