7(1)The property, rights, powers, duties and liabilities of the LSC are by virtue of this sub-paragraph transferred to the Lord Chancellor on the transfer day.E+W
(2)Sub-paragraph (1) does not apply to—
(a)property, rights, powers, duties and liabilities transferred by virtue of paragraph 1 or 6, or
(b)rights, powers, duties and liabilities described in paragraph 4(3).
(3)Anything done (or having effect as if done) before the transfer day—
(a)by or in relation to the LSC, and
(b)for the purposes of, or in connection with, anything transferred by virtue of sub-paragraph (1),
is to have effect, so far as is necessary for continuing its effect on and after that day, as if done by or in relation to the Lord Chancellor.
(4)Anything which is in the process of being done immediately before the transfer day—
(a)by or in relation to the LSC, and
(b)for the purposes of, or in connection with, anything transferred by virtue of sub-paragraph (1),
may be continued by or in relation to the Lord Chancellor.
(5)A reference to the LSC in a document, including an enactment, constituting or relating to anything transferred by virtue of sub-paragraph (1) is to have effect, so far as is necessary for giving effect to that sub-paragraph, as a reference to the Lord Chancellor.