33Validity of transactionsU.K.
(1)A person who enters into a transaction with the NDA is not required to see or to enquire whether the transaction constitutes or involves—
(a)conduct by the NDA which is for the purposes of, or conducive or incidental to, the carrying out of its functions;
(b)a contravention of section 7(6) or 9; or
(c)a contravention of a direction given by the Secretary of State.
(2)A transaction entered into by the NDA is not invalidated because the transaction constitutes or involves—
(a)conduct by the NDA which is neither for the purposes of, nor conducive or incidental to, the carrying out of its functions;
(b)a contravention of section 7(6) or 9; or
(c)a contravention of a direction given by the Secretary of State.
Commencement Information
I1S. 33 in force at 5.10.2004 by S.I. 2004/2575, art. 2(1), Sch. 1