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Public Works Loans Act 1875
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7 [F1Securities given to and land and property vested in the Public Works Loans Secretary to vest in their successor].U.K.
Where under this or any other Act [F2or instrument] or any conveyance, obligation, or security, any [F3land] or personal property, or any estate or interest therein, or any chose in action, has been or may be vested in, conveyed, made payable, or secured to the [F4Public Works Loans Secretary for the time being as the holder of, and in respect of, that office], all such [F3land] and personal property, estate and interest, and chose in action whatsoever, upon the death, removal, or resignation of any such [F5Public Works Loans Secretary] from time to time, and as often as the same happens and the appointment of a successor takes place, shall (subject to the same trusts and equities, if any, as the same were before respectively subject to) vest in such succeeding [F5Public Works Loans Secretary], by force of this Act and without any act or deed whatever to be done by the [F5Public Works Loans Secretary] dying, resigning or removed, or by the heirs, executors, or administrators of such [F5Public Works Loans Secretary], or by any person or persons claiming under him, them or any of them, and notwithstanding the same may have been expressed to be vested in, conveyed, made payable to or secured to such [F5Public Works Loans Secretary], his heirs, executors, administrators, and assigns, or any of them; and shall be proceeded upon in the name of any succeeding [F5Public Works Loans Secretary], by any action or suit in law or equity, or in any other manner as the same might have been proceeded upon by or in the name or names of such [F5Public Works Loans Secretary] dying, resigning, or removed.
. . . F6
Textual Amendments
F1S. 7 heading substituted (25.2.2020) by The Public Bodies (Abolition of Public Works Loan Commissioners) Order 2020 (S.I. 2020/176), art. 1(2), Sch. 1 para. 12(2) (with art. 9)
F2Words in s. 7 inserted (25.2.2020) by The Public Bodies (Abolition of Public Works Loan Commissioners) Order 2020 (S.I. 2020/176), art. 1(2), Sch. 1 para. 12(3) (with art. 9)
F3Word in s. 7 substituted (25.2.2020) by The Public Bodies (Abolition of Public Works Loan Commissioners) Order 2020 (S.I. 2020/176), art. 1(2), Sch. 1 para. 12(4) (with art. 9)
F4Words in s. 7 substituted (25.2.2020) by The Public Bodies (Abolition of Public Works Loan Commissioners) Order 2020 (S.I. 2020/176), art. 1(2), Sch. 1 para. 12(5) (with art. 9)
F5Words in s. 7 substituted (25.2.2020) by The Public Bodies (Abolition of Public Works Loan Commissioners) Order 2020 (S.I. 2020/176), art. 1(2), Sch. 1 para. 12(6) (with art. 9)
F6Words repealed by Crown Proceedings Act 1947 (c. 44), Sch. 2
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