The Residuary Body for Wales (Winding Up) Order 1998

PART I CITATION ETC.

Citation and commencement

1.  This Order may be cited as the Residuary Body for Wales (Winding Up) Order 1998 and shall come into force on 14th December 1998.

Interpretation and general provisions

2.—(1) In this Order–

“the 1994 Act” means the Local Government (Wales) Act 1994;

“the appropriate proportion” means, in relation to a Welsh council, the proportion specified opposite the name of that council in column (2) of Schedule 2 to this Order;

“Caerphilly” means Caerphilly County Borough Council;

“contract for banking services” means a contract for the provision of services for the Residuary Body by an authorised institution; and “authorised institution” shall be construed in accordance with the Banking Act 1987(1);

“contract of insurance” shall be construed in accordance with sections 95 and 96 of the Insurance Companies Act 1982(2);

“document” includes material in whatever form or medium which conveys or is capable of conveying information;

“expenditure”, in relation to Caerphilly, includes administrative expenses properly incurred by them;

“property”, except in article 6, does not include cash or the balance of any fund or account;

“the Residuary Body” means the Residuary Body for Wales;

“the transfer date” means 15th December 1998;

“Welsh council” means the council of a county or, as the case may be, county borough in Wales.

(2) Any reference in this Order to any rights and liabilities of the Residuary Body includes a reference to rights or liabilities acquired or incurred by any predecessor in title of that Body.

(3) Where land or other property or any rights or liabilities of the Residuary Body are vested, by virtue of this Order, in a Welsh council, anything done by or in relation to the Residuary Body in connection with such land or other property or rights or liabilities shall be treated as if it had been done by or in relation to that council.

(1)

1987 c. 22.

(2)

1982 c. 50.