Article 5 Transfer of property, rights and liabilities
(1)
Subject to paragraph (2) below, all the property, rights and liabilities of the old Authorities, not mentioned in article 4 above, are transferred in each case from the old Authority in question to the relevant new Authority.
(2)
Paragraph (1) above does not apply to any property, rights or liabilities which are to be transferred on the material date to a Primary Care Trust by an order under paragraphs 21(1) or 23(1) of Schedule 5A to the 1977 Act.