F1Mod., 1982 NI 12
6N.I.Where a scheme is revoked by a subsequent scheme approved by an order of the Ministry, the subsequent scheme may provide for the transfer to the new board of the whole or any part of the property, rights and liabilities of the existing board, for the continuation by or against the new board of any legal proceedings pending by or against the existing board, and for the dissolution, without winding up, of the existing board.
In this paragraph the expression “new board” means the board administering the subsequent scheme, and the expression “existing board” means the board administering the scheme revoked.
7N.I.The Ministry shall revoke a scheme
(a)if an order is made for the winding up of the board administering the scheme; or
(b)if either House of Parliament passes a resolution under this Act for the revocation of the scheme.
8N.I.The board administering a scheme shall not be deemed to be dissolved by reason only that the scheme has been revoked, or has ceased to have effect by virtue of this Act, and (except where the board is dissolved under paragraph 6) so much of the scheme as relates to the winding up of the board shall continue in force notwithstanding such revocation or cesser.