2.—(1) All Humberside property situated in the district of the East Riding of Yorkshire shall vest in the council of that district.
(2) All Humberside property situated in the borough of North East Lincolnshire shall vest in the council of that borough.
(3) All rights or liabilities of the Residuary Body exclusively in respect of any property vested by paragraph (1) or, as the case may be, (2) above shall vest in the council in which the property in question vests.