Transfer of trust property2.
(1)
On 1st April 2003 the trust property, and any rights and liabilities arising from that property4, shall be transferred from the old Trust to the new Trust.
(2)
In any trust instrument relating to the trust property, any reference to the name by which the trustees of the trust property are to be known shall be construed as a reference to the new Trust and any reference to the old Trust in the name by which the charitable trust governing the trust property is to be known shall be construed as a reference to the new Trust.