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Paragraph 1

Changes not yet applied. Later legislation changes this provision in ways not yet written into the text below:

Where any land is transferred to and vests in any body in accordance with this Schedule, any rights or liabilities—

(a)

enjoyed or incurred by the transferor in connection with the land; and

(b)

subsisting immediately before the implementation date,

also transfer to, and by virtue of these Regulations, vest in, that body.