(1) Beginning July 1, 2008, Utah Valley State College shall be known as Utah Valley University.
(2) The university is a continuation of Utah Valley State College and shall: (a) possess all rights, title, privileges, powers, immunities, franchises, endowments, property, and claims of the college; and (b) fulfill and perform all obligations of the college, including obligations relating to outstanding bonds and notes.
(a) possess all rights, title, privileges, powers, immunities, franchises, endowments, property, and claims of the college; and
(b) fulfill and perform all obligations of the college, including obligations relating to outstanding bonds and notes.