The transfer of ownership to the committee was legally complex, but both parties agreed that all shares in the railway company would be transferred from Haydn Jones' estate to a new company called Talyllyn Holdings Ltd., whose board consisted of two directors from the executors and two from the committee. The transfer took place on 8 February 1951, at which point the newly formed Talyllyn Railway Preservation Society effectively took control of the railway. The Society immediately began to publicise its efforts, hoping to raise funds and find further volunteers to help reopen the railway, and by May nearly 650 members had joined the society. The railway re-opened under the control of the Society for the first time on the Whit Monday bank holiday, 14 May 1951, with trains running between Wharf and Rhydyronen stations. Regular trains began to run on 4 June and continued through the summer, with David Curwen acting as the first Chief Mechanical Engineer. One of the volunteers who worked on the railway that month was Vic Mitchell.