1.—(1) Where any land is transferred to and vests in any body in accordance with this Schedule, any rights or liabilities—
(a)enjoyed or incurred by the transferor in connection with the land, and
(b)subsisting immediately before the implementation date,
shall also be transferred to, and by virtue of these Regulations, vest in, that body.
(2) Any reference in this Schedule, in relation to a school, to land being transferred to, and vesting in, a foundation body is a reference to its being transferred to, and vesting in, that body for the purposes of the schools comprising the group for which that body acts.
(3) Transfers of land under this Schedule shall not affect the rights of the governing body in relation to the land under Schedule 13 to the Act.