Article 2 Transfer of property, etc.
(1)
On the transfer date—
(a)
all immovable property of the Residuary Body other than that mentioned in the Schedule to this Order; and
(b)
all interests of the Residuary Body in respect of any mortgage granted in pursuance of section 132 of the Housing Act 1985f1,
shall vest in the local council.
(2)
All rights and liabilities of the Residuary Body acquired or incurred in connection with, and all records relating exclusively to, property and interests transferred by paragraph (1) shall vest in the council to which it is so transferred.
Annotations
Footnotes
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