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S

Baird Trust Reorganisation Act 2005

2005 asp 11

The Bill for this Act of the Scottish Parliament was passed by the Parliament on 15th June 2005 and received Royal Assent on 19th July 2005

An Act of the Scottish Parliament to transfer the property, rights, interests and liabilities of The Baird Trust to a successor company limited by guarantee and to dissolve The Baird Trust; and for connected purposes.

1Transfer of property, rights, interests and liabilitiesS

(1)The property, rights, interests and liabilities to which the transferor is entitled or subject are transferred to the transferee.

(2)Subsection (1) has effect in relation to property, rights, interests and liabilities to which it applies despite any provision (of whatever nature) which would otherwise prevent, penalise or restrict the transfer of the property, rights, interests or liabilities.

(3)Subsection (1) is subject to section 2.

2Transfer of staffS

The Transfer of Undertakings (Protection of Employment) Regulations 1981 (S.I. 1981/1794) apply to the transfer of property, rights, interests and liabilities by section 1, whether or not they would so apply apart from this section.

3Dissolution of the transferorS

(1)The transferor is dissolved.

(2)The Baird Trust Order Confirmation Acts 1939, 1957 and 1971 are repealed.

4Supplementary provisionsS

(1)In every existing contract or enactment to which the transferor is a party or in which the transferor is referred to, references to the transferor are to be construed as references to the transferee.

(2)Any property, right, interest or liability in respect of which but for this Act—

(a)delivery or possession; or

(b)intimation of its assignation,

would be required in order to complete title to it, shall transfer to and vest in the transferee by virtue of this Act as if at the date on which the transfer of the property, right, interest or liability by this Act takes effect the transferee had taken delivery or possession of the property, right, interest or liability in question or, as the case may be, had made intimation of its assignation.

(3)To enable the transferee to complete a title, if thought fit, to any property vested in it by virtue of this Act by notice of title or otherwise, or to deduce title, this Act shall be deemed to be, and may be used as, a general disposition, conveyance or, as the case may be, assignation of such property in favour of the transferee.

(4)Any legal proceedings, applications to any authority or other proceedings for the resolution of a dispute by or against the transferor which are pending or current immediately before this Act comes into force may be continued by or against the transferee.

5InterpretationS

In this Act—

6Short title and commencementS

(1)This Act may be cited as the Baird Trust Reorganisation Act 2005.

(2)This Act, with the exception of section 3 and this section, comes into force 30 days after it has received Royal Assent.

(3)Section 3 comes into force on the first anniversary of Royal Assent.