Transfer of assets and liabilitiesN.I.
8.—(1) All property, rights and liabilities held, enjoyed or incurred immediately before the transfer date by a transferor in connection with the functions transferred to the transferee by this Order are hereby transferred to the transferee and accordingly, by virtue of this Order and without any further conveyance, transfer or assignment—
(a)that property, real or personal, shall vest in the transferee;
(b)those rights shall be enjoyed by the transferee;
(c)those liabilities shall become liabilities of the transferee.
(2) A certificate by the Department of Finance and Personnel, that any property specified in the certificate, or any such interest in or right over any such property as may be specified, or any right or liability so specified, is by virtue of paragraph (1) for the time being vested in a Northern Ireland Department so specified, shall be conclusive evidence for all purposes of that fact.