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All assets, real and personal, personnel, and records of the CTU-Toledo City Campus and the CTU-Asturias Campus, as well as liabilities or obligations, shall be titled or named under the CTU. The positions, rights, and security of tenure of faculty members and personnel therein employed under existing laws prior to its conversion into a regular campus shall be respected.
All parcels of land belonging to the government to be occupied by the CTu-Toledo City Campus and the CTU-Asturias Campus hall be titled or named under the CTU:Provided,That should the campus or the CTU cease to exist or be abolished or should such aforementioned parcels of land be no longer needed by the CTU, the same shall revert to the local government unit concerned or to the Republic of the Philippines, as the case may be.
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