http://www.legislation.gov.uk/nisi/1994/426/article/56The Airports (Northern Ireland) Order 1994texttext/xmlenStatute Law Database2022-05-25Expert Participation2021-07-29 PART VTRANSFER OF UNDERTAKING OF NORTHERN IRELAND AIRPORTS LIMITEDTransfer of certain assets and liabilities of NIAL and the Holding CompanyPowers of Department and the Holding Company after transfer561The Department shall have power to hold, manage and dispose of any assets transferred to it under Article 54 and to discharge any liabilities so transferred.2The power of the Department under paragraph (1) to dispose of any assets transferred to it under Article 54 includes power to dispose of those assets to a body corporate formed by the Department for the purpose of exercising on behalf of the Department its functions under paragraph (1).3The repeal by this Order of section 16 of the Aerodromes Act (Northern Ireland) 1971 shall come into operation on the transfer date, but, notwithstanding that repeal, the Holding Company shall on and after that date have power—ato hold, manage and dispose of any airport assets of the Holding Company which are not transferred under Article 54 and to discharge any airport liabilities of the Holding Company which are not so transferred; andbto acquire, hold, manage and dispose of any assets of NIAL which are not transferred under Article 54 and to discharge any liabilities of NIAL which are not so transferred.1971 c.15 (NI)
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<Title>TRANSFER OF UNDERTAKING OF NORTHERN IRELAND AIRPORTS LIMITED</Title>
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The repeal by this Order of section 16 of the Aerodromes Act (Northern Ireland) 1971
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shall come into operation on the transfer date, but, notwithstanding that repeal, the Holding Company shall on and after that date have power—
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<Text>to hold, manage and dispose of any airport assets of the Holding Company which are not transferred under Article 54 and to discharge any airport liabilities of the Holding Company which are not so transferred; and</Text>
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<Citation URI="http://www.legislation.gov.uk/id/apni/1971/15" id="c00174" Class="NorthernIrelandParliamentAct" Year="1971" Number="15">1971 c.15 (NI)</Citation>
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