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Changes over time for: Paragraph 9
Llinell Amser Newidiadau
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Version Superseded: 05/05/2010
Status:
Point in time view as at 26/07/2002. This version of this provision has been superseded.
Status
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Changes to legislation:
Education Act 1996, Paragraph 9 is up to date with all changes known to be in force on or before 25 November 2024. There are changes that may be brought into force at a future date. Changes that have been made appear in the content and are referenced with annotations.
Changes to Legislation
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Disapplication of rule against perpetuitiesE+W
[9Where—
(a)a freehold or leasehold interest in land is transferred for no consideration from a local authority to a person for the purposes of an Academy (whether or not by virtue of a scheme under paragraph 1), and
(b)at any time on or after the day on which this Schedule comes into force the authority is granted an option to make a re-acquisition of the interest (subject to whatever conditions),
the rule against perpetuities does not apply to the option.]
Yn ôl i’r brig