OpenLegislation

Paragraph 123 Transfer of the benefitI1

England and Wales

The undertaker must within 7 days after the completion of any sale, agreement or other transaction under article 7 (benefit of the Order) in relation to which any powers, rights and obligations of the undertaker are transferred to another party, notify the PLA in writing, and the notice must include particulars of the other party to the transaction under article 7, the general nature of the transaction and details of the extent, nature and scope of the works or functions sold, transferred or otherwise dealt with.

Annotations

Commencement

I1

Sch. 9 para. 123 in force at 8.1.2026, see art. 1