Explanatory Notes

Horserace Betting and Olympic Lottery Act 2004

2004 CHAPTER 25

28 October 2004

Commentary on Sections

Part One: Sale of the Tote

Section 2: Successor Company: Transfer

16.Section 2 makes provision for the transfer of the Tote’s property, rights and liabilities to a company wholly owned by the Crown. The transfer will occur automatically on the appointed day.