Transfers

There is transferred to the corporation all items of property and personnel now assigned to the Guam Memorial Health Plan by the Guam Memorial Hospital Authority. On the first day of the month following the incorporation of the Corporation, all working capital, cash, accounts payable and receivable, all financial books, records and all other rights, obligations, assets, liabilities, contractual agreements, chooses in action and privileges pertaining to the properties and operation of existing Guam Memorial Health Plan shall be transferred to the Corporation.