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The Waltham Forest Housing Action Trust (Dissolution) Order 2002
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- UK Statutory Instruments
- 2002 No. 86
- Article 3
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Transfer of property, rights, liabilities and functions to the Commission
3.—(1) Subject to paragraph (2) below, any property, rights and liabilities remaining vested in the Trust, and any relevant function exercisable by the Trust, immediately before the commencement date shall be transferred to the Commission on that date.
(2) Paragraph (1) shall not apply in respect of any property, rights, liabilities and functions which the Trust has notified in writing to the Commission, at least 14 days before the commencement date, as those which it thinks it necessary or expedient to retain for the purpose of preparing its final accounts and report and winding up its affairs.
(3) Any property, rights and liabilities remaining vested in the Trust and any relevant function exercisable by the Trust immediately before the dissolution date shall be transferred to the Commission on that date.
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