(1)A person who enters into a transaction with a regional development agency shall not be concerned to see or enquire—
(a)whether there has been any failure by the agency to observe its purposes, or
(b)whether the transaction would contravene any direction given by the Secretary of State.
(2)A transaction entered into by a regional development agency shall not be invalidated merely because the agency—
(a)failed to observe its purposes, or
(b)carried out the transaction in contravention of any direction given by the Secretary of State.
Commencement Information
I1S. 30 wholly in force at 3.7.2000; s. 30 not in force at Royal Assent see s. 43; s. 30 in force for certain purposes at 25.11.1998 by S.I. 1998/2952, art. 2(2); s. 30 in force at 3.7.2000 in so far as not already in force by S.I. 2000/1173, art. 2(2)(c)