Part IFurther education
Chapter IIInstitutions within the further education sector
Transfer of property, etc., to further education corporations
25Transfer of property, etc.: grant-maintained schools
1
This section has effect in relation to a further education corporation established to conduct an institution which, on the date the corporation was established, was a grant-maintained school.
2
On the operative date—
a
all land or other property which, immediately before that date, was property of the governing body, and
b
all rights and liabilities of that body subsisting immediately before that date,
shall be transferred to and, by virtue of this Act, vest in the corporation.