Article 7 Transfer of property etc. to specified bodies

Any property, rights or liabilities specified in column 1 of Part I of Schedule 2 shall vest in the body specified in that respect in column 2; and articles 3 to 6, in so far as they are inconsistent with this article, shall not apply to any land so specified.

The provisions of Part II of Schedule 2 shall have effect in respect of any property, rights or liabilities mentioned in that Part and transferred by paragraph (1).