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The Derwent Valley Railway (Transfer) Light Railway Order 1987
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- UK Statutory Instruments
- 1987 No. 75
- Article 3
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Transfer of railway to Museum
3.—(1) The Company and the Museum may enter into and carry into effect agreements providing for the transfer to and vesting in the Museum of the railway or any part thereof on such terms and conditions as may be agreed between the Company and the Museum.
(2) Subject to the provisions of this Order and in particular to article 4 below, as from the transfer date the Museum shall to the exclusion of the Company be entitled to the benefit of, and to exercise, all the rights, powers and privileges and be subject to all obligations of the Company, whether statutory or otherwise, for the time being in force in respect of the railway or such part thereof as is transferred as aforesaid, and may operate the railway or such parts thereof accordingly.
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