Paragraph 2 Rules relating to transfer
(1)
This paragraph applies where any proposals that a community school should become a foundation school have been approved.
(2)
In such a case, any land which, immediately before the implementation date, was held or used by a local authority for the purposes of the community school must on that date transfer to, and by virtue of this paragraph vest in —
(a)
the trustees of the school, to be held by them on trust for the purposes of the school; or
(b)
if the school has no trustees, the governing body, to be held by that body for the relevant purposes.