7Property of First Church to be vested in body corporate

7 Property of First Church to be vested in body corporate

(1)  The real property specified in Schedule 2 , and all other real and personal property, which, immediately before the commencement of this Act, is held in trust for First Church or for its Executive Board or for any committee of First Church, whether for any special purposes or generally for First Church, the Executive Board or committee, shall, on that commencement vest in First Church without the necessity for any conveyance, transfer, or other assurance but that vesting shall not affect any trust, encumbrance, charge, lien, easement, estate, or interest to which that property was subject immediately before that commencement.

(2)  Where any property vested in First Church under this section consists of property held under the provisions of the Real Property Act 1862 , the Recorder of Titles upon application and payment of the necessary fees shall give effect to that vesting by registering First Church as proprietor of that property.