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All assets, real and personal, personnel and records of the Maasin City College, as well as liabilities or obligations, are hereby transferred to the SLSU. The positions, rights, and security of tenure of faculty members and personnel employed at the Maasin City College under existing personnel employed at the Maasin City College under existing laws prior to the integration into the SLSU shall be respected.
All parcels of land belonging to the government occupied by the Maasin City College are hereby declared to be the property of the SLSU and shall be titles under its name: Provided, That should the SLSU cease to exist or be abolished or would no longer need such parcels of land aforementioned, the same shall revert to the local government units (LGUs) concerned.
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