{
  "url": "https://openlegislation.uk/trustee-savings-banks-act-1985/schedule-1/paragraph-2",
  "json_url": "https://openlegislation.uk/trustee-savings-banks-act-1985/schedule-1/paragraph-2.json",
  "legislation": "ukpga/1985/58",
  "legislation_title": "Trustee Savings Banks Act 1985",
  "legislation_url": "https://openlegislation.uk/trustee-savings-banks-act-1985",
  "path": "schedule/1/paragraph/2",
  "kind": "paragraph",
  "number": "2",
  "heading": null,
  "text": "(1) Where there subsists immediately before the vesting day an agreement to which the transferor is a party, the agreement shall have effect on and after the vesting day—\n(a) as if the transferee had been the party to the agreement; and\n(b) as respects anything falling to be done on or after the vesting day, with the modifications set out in sub-paragraph (2) below.\n(2) Those modifications are the substitution—\n(a) for any reference (whether express or implied and, if express, however worded) to the transferor, of a reference to the transferee, and\n(b) for any reference in general terms (however worded) to persons employed by or agents of the transferor, of a reference to persons employed by or agents of the transferee.",
  "extent": null,
  "status": null,
  "version": "current",
  "annotations": [],
  "outstanding_effects": [],
  "provenance": {
    "source": "legislation.gov.uk",
    "source_url": "https://www.legislation.gov.uk/ukpga/1985/58/schedule/1/paragraph/2",
    "retrieved_at": "2026-10-29T09:59:56.508984+00:00"
  },
  "licence": "Open Government Licence v3.0",
  "licence_url": "https://www.nationalarchives.gov.uk/doc/open-government-licence/version/3/",
  "attribution": "Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives."
}