303 Modification of instruments relating to land held for purposes of voluntary schools.E+W
Any provision of an instrument relating to any land held for the purposes of a voluntary school which—
(a)confers on any person an option to acquire an interest in that land, or
(b)provides (in whatever terms) for the determination or forfeiture of any such interest,
in the event of the school’s ceasing to be a voluntary school or (as the case may be) ceasing to be maintained by a specified local education authority shall, if the school becomes a grant-maintained school, have effect as if the event referred to were the school’s ceasing to be a school which is either a grant-maintained school or a voluntary school.