3The property with respect to which a notice is served under paragraph 1 and is not withdrawn shall—
(a)if no objection is duly made to the notice, vest in the Secretary of State at the expiration of the time for making such an objection;
(b)if such an objection is duly made and the notice is confirmed by a notice served under paragraph 2, vest in the Secretary of State on the service of the last mentioned notice;
and shall in each case vest free of any pledge, lien or right in security.