16(1)Any agreement, transaction or other thing which—E+W+S
(a)is made, effected or done with respect to anything transferred under section 35 above in accordance with an approved scheme,
(b)is made, effected or done by, to or in relation to the transferor, and
(c)is in force or effective immediately before the vesting day under the scheme,
shall, on and after that day, have effect as if made, effected or done by, to or in relation to the transferee in all respects as if the transferee were the same person in law as the transferor.
(2)Sub-paragraph (1) above shall not affect the construction of any provision which is formulated specifically with reference to the possibility of the undertaking of the Board being transferred otherwise than to a board constituted by a scheme under Part I of the M1Agricultural Marketing Act 1958.
Marginal Citations