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Article 5 Terms of vesting of property

Original text. Later amendments are not shown.

Any property transferred to Transport for London by or under articles 2 to 4 above hereby vests in, and shall be held by, Transport for London, subject to all covenants, conditions, and restrictions subject to which the property was held by the former highway authority, and to all liabilities affecting the property, except liabilities—

(a)

referred to in article 2(2), or

(b)

excluded from transfer under article 4(1) or re-transferred under article 4(3).