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The Banchory and Crathes Light Railway Order 2012
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Transfer of rights and obligations to Company, etc.
6. Except as may be otherwise provided in this Order, as from the date of coming into force of this Order—
(a)the railway or any part of it shall continue to be subject to all statutory and other provisions applicable to the former railway at that date (in so far as they are still subsisting and capable of taking effect); and
(b)the Company shall, to the exclusion of BRB (Residuary) Limited—
(i)be entitled to the benefit of, and to exercise, all rights, powers and privileges relating to the former railway; and
(ii)be subject to all obligations, statutory or otherwise, relating to the former railway (in so far as they are still subsisting and capable of taking effect), to the intent that BRB (Residuary) Limited shall be released from all such obligations.
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