2(1)Where any land is transferred to and vests in any body in accordance with this Schedule, any rights or liabilities—E+W
(a)enjoyed or incurred by the transferor in connection with the land, and
(b)subsisting immediately before the appointed day,
shall also be transferred to, and by virtue of this Act vest in, that body.
(2)Any reference in this Schedule, in relation to a school, to land being transferred to, and vesting in, a foundation body is a reference to its being transferred to, and vesting in, that body for the purposes of the schools comprising the group for which that body acts.
(3)This Schedule is subject to section 198 of the M1Education Reform Act 1988 (which with Schedule 10 to that Act makes further provision in relation to transfers of property, rights and liabilities), and references in that Schedule as applied by virtue of this sub-paragraph to the transfer date are to the appointed day.
Marginal Citations