(1) On the commencement of this section—
(a) all real and personal property belonging to or vested in the Board shall become vested in the Council subject to all encumbrances, liens, and other interests to which it is subject on the date of such commencement:
(c) all liabilities, contracts, and engagements, and rights and authorities of any nature whatever, of the Board shall become liabilities, contracts, engagements, rights, and authorities of the Council:
(2) Subject to subsection (4), the District Land Registrar, on receiving a written request from the Council under its seal, incorporating a reference to this section, and on payment of the prescribed fee, shall make such entries in his or her registers and on any outstanding documents of title and generally do all such things as may be necessary to give effect to the provisions of subsection (1) in respect of land and interests in land specified in the request.
(3) All references to the Board in any security or other document whatever which is subsisting immediately before the date of commencement of this section, or in any notice or other communication served, given, or sent before, on, or after that date in relation to any such security or other document shall, unless the context otherwise requires, be read as references to the Council.
(4) No Registrar of Deeds or District Land Registrar or any other person charged with the keeping of any books or registers shall be obliged, solely by the provisions of this section, to change the name of the Board to that of the Council in his or her books or registers or in any document in his or her charge; but the presentation to any such Registrar or other person of any instrument—
shall, in the absence of proof to the contrary, be sufficient evidence that the property is vested in the Council.
(5) Except as provided in subsections (2) and (4), nothing in this section shall derogate from the provisions of the Land Transfer Act 1952.
(6) Section 37F of the Local Government Act 1974 shall apply in respect of the transfer of the Board's functions to the Council as if this Act were an instrument giving effect to a proposal in a final reorganisation scheme.
(7) Every reference to the Board in any enactment or regulations or in any document whatever, unless the context otherwise requires, shall be read as a reference to the Council.