Transfer of net assets on dissolution or winding up
32.—(1) Sub-paragraph (2) applies in relation to any transfers or other activities under paragraph 15 of Schedule 1 to the 1996 Act which are in progress immediately before the commencement date in relation to the dissolution or winding up of an English registered social landlord.
(2) Section 167 of the 2008 Act applies, on and after that date, in relation to the transfers or other activities concerned.
(3) Sub-paragraph (4) applies if the TSA has not, before the commencement date, disposed of the property of an English registered social landlord transferred to the TSA by virtue of paragraph 15 of Schedule 1 to the 1996 Act.
(4) Section 168(2) to (4) of the 2008 Act applies, on and after that date, in relation to the disposal of the property.