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7(1)Where such a governing body are to be dissolved by reason of—
(a)the discontinuance of the county, voluntary or maintained special school which they conduct, or
(b)in the case of a governing body conducting two or more such schools, the discontinuance of each such school conducted by them,
they shall have power to transfer any land or other property of theirs which is used or held for the purposes of the school to any person who provides education.
(2)Where such a governing body are so dissolved—
(a)any such land or property for which no provision has been made under sub-paragraph (1) for transfer, and
(b)all rights and liabilities of the governing body subsisting immediately before the date of dissolution which were acquired or incurred for the purposes of the school in question,
shall be transferred to and, by virtue of this Act, vest in the local education authority.
(3)Sub-paragraphs (1) and (2) do not apply to any land or other property held by the governing body on trust for the purposes of a voluntary school; and any such land or other property so held shall be transferred to and, by virtue of this Act, vest in the trustees of the school.
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