Transfer of property and undertakings of development corporations, and their dissolution

36DF1 Transfer orders.

1

At any time after a winding up order has been made the Secretary of State may by order (a “transfer order”), made by statutory instrument and subject to annulment in pursuance of a resolution by either House of Parliament, provide for the transfer of any property, rights and liabilities of a development corporation to any person, including (without prejudice to this generality) Scottish Enterprise, . . . F2F3. . . a local authority or a statutory undertaker.

2

A transfer order may‐

a

transfer the property, rights and liabilities on such terms (which may include transfer either with or without consideration) as the Secretary of State may provide in the order,

b

include provisions amending any enactment relating to Scottish Enterprise, . . . F2F3. . . a local authority or a statutory undertaker for the purpose, or in consequence, of any transfer made to any such body by virtue of subsection (1) above, and

c

contain any such incidental, consequential, supplementary or ancillary provisions as the Secretary of State thinks necessary or expedient for the purposes of the order.

3

Any property, right or liability transferred to any person by a transfer order shall vest in that person on such date as may be specified in the order.

4

If a person to whom any land is transferred by a transfer order wishes to complete his title to the land by expeding a notarial instrument or notice of title or otherwise, the order shall be deemed to be and may be used as a general disposition or assignation of the land in his favour.