Gas Act 1986 (c. 44)

Part II U.K. Transfer of Undertaking of Corporation

Modifications etc. (not altering text)

C1 Pt. II (ss. 49-61) extended (15.12.2001) by S.I. 2001/4011, art. 12(1)(b)

57 Dissolution of the Corporation. E+W+S

(1) The Corporation shall continue in existence after the transfer date until it is dissolved in accordance with subsection (2) below; and the period of its continued existence after the transfer date is in this Act referred to as “the transitional period ”.

(2) The Secretary of State may by order, after consulting the Corporation and the successor company, dissolve the Corporation on a day specified in the order, as soon as he is satisfied that nothing further remains to be done by the Corporation under Schedule 8 to this Act.

(3) During the transitional period section 1 of the 1972 Act shall have effect as if for subsection (2) (composition of Corporation) there were substituted the following subsection—

“(2) The Corporation shall consist of—

(a) a chairman appointed by the Secretary of State; and

(b) such one or more other persons as may be so appointed.”

Modifications etc. (not altering text)

C2 By S.I. 1990/147 art. 2 the British Gas Corporation was dissolved on 28.2.1990