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Article 3 Transfer of property, rights, liabilities and obligations

Original text. Later amendments are not shown.

There are transferred to the TSB on the relevant Transfer Date:

(a)

all the rights and obligations of the Secretary of State under the grant agreement as at the relevant Transfer Date;

(b)

all the liabilities of the Secretary of State arising under the grant agreements as at the relevant Transfer Date;

(c)

all the records and documents held by the Secretary of State in connection with the grant agreements as at the relevant Transfer Date.