Article 2 Transfer of trust property
(1)
On the date that this Order comes into force the trust property and any rights and liabilities arising from that propertyf1 shall be transferred from the old Trust to the new Trust.
(2)
In any instrument relating to the trust property, any reference to the trustees of the trust property or, as the case may be, the old Trust shall be construed as a reference to the trustees of the new Trust or, as the case may be, the new Trust.
Annotations
Footnotes
- f1
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See section 96 of the 1977 Act as amended by paragraph 29 of Schedule 4 to the 1999 Act which makes supplementary provision regarding transfers of property under section 92 of that Act.