Article 3 Transfer of property etc.
(1)
All the property and liabilities to which the trust is entitled or subject immediately before the transfer date (including the property and liabilities set out in the Schedule), transfer on the transfer date to the Secretary of Statef1.
(2)
Paragraph (1) does not apply to the obligation to prepare the outstanding accounts of the trust.
Annotations
Footnotes
- f1
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Criminal liabilities cannot be transferred to the Secretary of State and provision is not being made to transfer those liabilities to another NHS foundation trust. See section 65LA of the 2006 Act.