Section 40 Continuity obligations: terminationI1
United Kingdom
(1)
The Secretary of State may by notice terminate an obligation arising under section 33 or 36.
(2)
The power under subsection (1) is exercisable by giving a notice to each person—
(a)
on whom the obligation is imposed, or
(b)
who has benefited or might have expected to benefit from the obligation.
(3)
A reference in subsection (1) to obligations under a section includes a reference to obligations under that section as applied under section 35 or 38.
Annotations
Commencement
- I1
S. 40 in force at Royal Assent, see s. 63(1)