18.—(1) This regulation applies where an area, or part of an area, for which charter trustees have been established becomes, or becomes comprised in, a parish (not being an existing parish) for which a parish council is established.
(2) From the date on which the first councillors for the parish come into office these Regulations, or the statutory instrument made under Part II of the Act establishing the charter trustees, shall cease to apply to the area or part and accordingly—
(a)the charter trustees shall cease to act therefor and shall be dissolved;
(b)the mayor or deputy mayor shall cease to hold office as such;
(c)any local officer of dignity appointed pursuant to regulation 4(1)(b) above shall hold office as if appointed by the parish council;
(d)the following matters owned, vested in, or exercisable by the charter trustees shall be transferred to the parish council —
(i)all property of whatever description;
(ii)all rights, liabilities, contracts or other written instruments of whatever description;
(iii)any legal actions or proceedings;
(e)regulation 4 of the Local Government Changes for England Regulations 1994(1) shall apply as if the charter trustees were a transferor authority, and the parish council were a transferee authority of the same tier;
(f)the accounts of the charter trustees and of its committees and officers shall be made up to the dissolution of the charter trustees, and shall be audited in the same way, and subject to the same procedures and penalties as if the charter trustees had not been dissolved.
S.I. 1994/867; regulation 4 is substituted by S.I. 1995/1748.