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8(1)Section 41 (transfer of property to Commission and dissolution of corporation) is amended as follows.E+W
(2)In the heading, omit “to Commission”.
(3)In subsection (1)—
(a)for “Secretary of State” substitute “ appropriate national authority ”,
(b)for “he” substitute “ the authority ”, and
(c)in paragraph (a), for “Commission” substitute “ relevant transferee ”.
(4)In subsection (1A) for “in relation to Wales” substitute “ in the case of a development corporation established by the Welsh Ministers ”.
(5)In subsection (2)—
(a)for “Commission” substitute “ relevant transferee ”, and
(b)in paragraph (b)—
(i)for “Secretary of State” substitute “ appropriate national authority ”, and
(ii)for “him” substitute “ the authority ”.
(6)In subsection (4) for “Secretary of State” substitute “ appropriate national authority ”.
(7)In subsection (5) for “Commission” substitute “ relevant transferee ”.
Commencement Information
I1Sch. 5 para. 8 in force at 1.12.2008 by S.I. 2008/3068, art. 2(1)(v)(2) (with arts. 6-13)