Continuity etc.
12.—(1) Without prejudice to section 195 of the Act—
(a)all contracts, deeds, bonds, agreements and other instruments subsisting in favour of, or against, and all notices in force which were given, or have effect as if given, by, or to, ILEA in respect of any property, rights or liabilities (“transferred matters”) transferred by or under any provision of the Act, shall be of full force and effect in favour of, or against, the body (“the transferee”) to which such matters are transferred; and
(b)any action or proceeding, or any cause of action or proceeding, pending or existing at 1st April 1990 by or against ILEA and in respect of any transferred matters may be continued, prosecuted and enforced by or against the transferee.
(2) Where by virtue of this or any relevant order any function of ILEA is conferred on any body in respect of any property transferred to it, subsections (2) and (4) to (8) of section 195 of the Act shall apply to that body, in respect of that function, as if it, and no other body, were the successor authority for the purposes of that section.