Transfer of PropertyE+W
1Where any property is transferred by or in pursuance of Part VII of this Act from one authority to another authority or body—E+W
(a)the property shall, except as otherwise expressly provided, be held by the authority or body to whom it is transferred subject to all debts and liabilities affecting the property;
(b)the latter authority or body shall hold the property for the estate, interest, and purposes, and subject to the covenants, conditions, and restrictions for and subject to which the property would have been held if this Act had not been passed, so far as they are not modified by or in pursuance of Part VII of this Act;
(c)if and so far as the property consists of stock, the provisions of the M1Local Government (Stock Transfer) Act, 1895, shall apply for the purposes of any such transfer in like manner, as if the transfer had been made by virtue of the M2Local Government Act, 1894, with this modification, that for the reference to a certificate of the clerk of the county council there shall be substituted a reference to a certificate of the Minister.
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Marginal Citations
2—4.. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . F1E+W
Annotations are used to give authority for changes and other effects on the legislation you are viewing and to convey editorial information. They appear at the foot of the relevant provision or under the associated heading. Annotations are categorised by annotation type, such as F-notes for textual amendments and I-notes for commencement information (a full list can be found in the Editorial Practice Guide). Each annotation is identified by a sequential reference number. For F-notes, M-notes and X-notes, the number also appears in bold superscript at the relevant location in the text. All annotations contain links to the affecting legislation.
Amendments (Textual)
F1Sch. 9 Pt. I paras. 2–4, 7(1)(2), 8 and Pt. II paras. 1–6 repealed by Local Government Act 1958 (c. 55), Sch. 9 Pt. V