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Paragraph 3 F1F2

Scotland and Northern Ireland

Where property carried to such a separate part as aforesaid is converted into property other than special-range property,—

(a)

it shall be transferred to the narrower-range part of the fund or the wider-range part of the fund or apportioned between them, and

C1(b)

any transfer of property from one of those parts to the other shall be made which is necessary to secure that the value of each of those parts of the fund is increased by the same amount.

Annotations

Textual amendments

F1

Sch. 2 repealed (with saving) (E.W.) (1.2.2001) by 2000 c. 29, s. 40(1)(3), Sch. 2 Pt. I para. 1(2), Sch. 4 Pt. I (with s. 35); S.I. 2001/49, art. 2

F2

Sch. 2 repealed (with saving) (S.) (1.1.2006) by Charities and Trustee Investment (Scotland) Act 2005 (asp 10), s. 107(2), Sch. 3 para. 4(3); S.S.I. 2005/644, art. 2(1), Sch. 1

Modifications

C1

Sch. 2 para 3(b) modified (S.)(25.4.1995) by S.I. 1995/1092, art. 3(2)

Notes on the whole Act

Textual amendments

F1

Act ceases to have effect in part (S.) (1.4.2010) by virtue of The Local Government Investments (Scotland) Regulations 2010 (S.S.I. 2010/122), regs. 1, 4