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3.—(1) Any allotted sum, or any remaining part of it, for the part financial year 1999-2000 or any previous year, whether held by the former members of a residual fund-holding practice or by the Board on behalf of the former members of a fund-holding practice, shall on 1st October 1999 be transferred to the Board.
(2) On 1st October 1999 the Board shall be substituted as the account holder of the fund-holding account.
(3) The Board shall deal with an allotted sum transferred under paragraph (2) in accordance with articles 5 and 6.
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