3.—(1) The Corporation shall be wound up in accordance with the provision of this Article.
(2) On the coming into operation of this Article, the Corporation shall cease to exercise its functions except in so far as the continued exercise of those functions may be necessary or expedient for the purposes of winding up.
(3) Between the coming into operation of this Article and the dissolution date, the Corporation shall so far as practicable discharge all its liabilities.