Paragraph 8 I1

(1)

Section 41 (transfer of property to Commission and dissolution of corporation) is amended as follows.

(2)

In the heading, omit “to Commission”.

(3)

In subsection (1)—

(a)

for “Secretary of State” substitute “ appropriate national authority ”,

(b)

for “he” substitute “ the authority ”, and

(c)

in paragraph (a), for “Commission” substitute “ relevant transferee ”.

(4)

In subsection (1A) for “in relation to Wales” substitute “ in the case of a development corporation established by the Welsh Ministers ”.

(5)

In subsection (2)—

(a)

for “Commission” substitute “ relevant transferee ”, and

(b)

in paragraph (b)—

(i)

for “Secretary of State” substitute “ appropriate national authority ”, and

(ii)

for “him” substitute “ the authority ”.

(6)

In subsection (4) for “Secretary of State” substitute “ appropriate national authority ”.

(7)

In subsection (5) for “Commission” substitute “ relevant transferee ”.

Annotations

I1: Sch. 5 para. 8 in force at 1.12.2008 by S.I. 2008/3068, art. 2(1)(v)(2) (with arts. 6-13)