3Future liabilities
(1)
Where, after the commencement of this section, the Church Commissioners acquire land and, immediately before the acquisition, a liability to repair the chancel of a church had effect as an interest in or over that land, the liability—
(a)
ceases on the acquisition to have effect as such, and
(b)
takes effect instead as a duty imposed on the Commissioners by this section.
(2)
A liability imposed on the Church Commissioners under this section is of the same extent as it was immediately before the acquisition.
(3)
Any Land Registry entry in respect of a liability to repair the chancel of a church which, but for this section, would on the acquisition have become a liability of the Church Commissioners having effect as an interest in or over land, ceases to have effect.
(4)
The references to the Church Commissioners include a reference to a subsidiary of the Commissioners.