OpenLegislation

Article 2

Original text. Later amendments are not shown.

The Secretary of State hereby directs that on the transfer date—3

(a)

The property of the Corporation shall vest in the Commission, and

(b)

The Corporation shall cease to act except for the purposes of the carrying out its functions under sections 67(f1), 68 and 70 of the Act (accounts of development corporation, audit and report) and taking such other steps as are necessary to wind up its affairs.

Annotations

Footnotes

f1

Section 67 was amended by section 9 of the New Towns and Urban Development Corporations Act 1985 (c. 5).