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Paragraph 1 Effects of transfers under this Schedule

Original text. Later amendments are not shown.

Where any land is transferred to and vests in any body in accordance with this Schedule, any rights or liabilities—

(a)

enjoyed or incurred by the transferor in connection with the land, and

(b)

subsisting immediately before the implementation date,

shall also be transferred to, and by virtue of these Regulations, vest in, that body.