15Effect of incorporation of registrable body

15 Effect of incorporation of registrable body (1) The registration of a registrable body as an incorporated association under this Act does not affect the identity of the body and that body is taken to be the same body before and after the registration. (2) Any right or claim by or against a registrable body existing immediately before its incorporation under this Act may be continued by or against the incorporated association in its former name or in the name of the incorporated association. (3) On the incorporation of a registrable body under this Act— (a) the registrable body is dissolved and no provision of any other Act relating to the incorporation, formation or registration of the body applies to the incorporated association; and (b) the person responsible for the registration of the body under another Act may cancel that registration. (4) On the incorporation of a registrable body under this Act, the property of the body vests in the incorporated association subject to— (a) any trust; and (b) any restriction, limitation, mortgage, charge, security interest, encumbrance, lien, lease, covenant, contract or liability— to which the property was subject immediately before it so vested. (5) If, immediately before the incorporation of a registrable body under this Act, the registrable body was not a body corporate, section 9 applies on the incorporation of the registrable body as if a reference in that section to an association were a reference to the registrable body.