Article 6 Transfer of property, rights and liabilities

(1)

Nothing in this Order applies to–

(a)

any property held by the transferor authority, as sole trustee, exclusively for charitable purposes;

(b)

any rights or liabilities of the transferor authority in respect of such property.

(2)

All property vested in, and all rights and liabilities acquired, accrued or incurred by, the transferor authority in respect of the transferred area transfer to and vest in or, as the case may be, become rights and liabilities of, the transferee authority on the transfer date.

(3)

For the purposes of this Order, property, rights and liabilities of the transferor authority are to be treated as property, rights and liabilities in respect of the transferred area if—

(a)

in the case of land, it is situated in, or held exclusively for the purposes of, or in connection with, the exercise of functions in, or in relation to, the area;

(b)

in the case of liabilities, they are liabilities incurred exclusively in respect of the area.

(4)

This article also applies to all property vested in, and all rights and liabilities acquired, accrued or incurred by, North Mymms Parish Council in respect of the transferred area as if references in this article to “transferor authority” and “transferee authority” were references to North Mymms Parish Council and Colney Heath Parish Council respectively.