Amendment status not verified — confirm the current text below against the official source.
CO When the University takes over the maintenance Transfer or and management of any existing Institution and there is assets of transferred to the University for the benefit of such Institu- existing to tion any assets covered by any deed of gift, endowment, Institu- tions bequest or trust, such deed shall be construed as if it were the executed in favour of the University. University when such (2) When the University takes over the control and institu- management of any existing Institution, every person employ- tairenareever ed in that Institution immediately before such taking over by by the the University shall continue to be employed by the Univer- University. city on terms and conditions not less advantageous than those which governed his employment by the Institution.