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Transport Act 2000

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4A transfer scheme may contain provision—

(a)for the creation, in relation to property which the scheme transfers, of an interest in or right over the property in favour of the Board,

(b)for the creation in favour of the Authority of an interest in or right over, property retained by the Board,

(c)for the creation of rights and liabilities as between the Authority and the Board, or

(d)for any rights or liabilities specified or described in the scheme to be, or to be to any extent, enforceable by or against the Authority.

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