Transfer of remaining property, rights and liabilities to the Secretary of State4

1

All property, rights and liabilities which are—

a

vested in the Corporation immediately before the commencement date, and

b

not transferred by virtue of article 2 or 3,

are transferred to the Secretary of State.

2

Paragraph (1) does not apply to any property, rights and liabilities specified in the retained list.

3

Any property, rights and liabilities remaining vested in the Corporation immediately before the dissolution date are transferred to the Secretary of State on that date.

4

In this article “dissolution date” means the date on which the Corporation is dissolved by order under section 166(1)3 of the Local Government, Planning and Land Act 1980.