SCHEDULES
SCHEDULE 6Transfer of Assets and Liabilities
1
Every agreement to which the transferor was a party immediately before the date of transfer shall have effect as from that date in favour of or against the transferee as if the transferee had been a party to the agreement instead of the transferor.
2
Where the functions of the transferor are transferred to more than one transferee the property, rights, liabilities and obligations of the transferor shall be allocated in such a manner as relates to the allocation of the functions transferred to each of the transferees.
3
Any legal or other proceedings to which the transferor is a party which are pending on the date of the transfer may be continued on or after that date as if the transferee instead of the transferor had been that party.
4
The Secretary of State may make regulations for facilitating the transfer of any property, rights, liabilityes or obligations in pursuance of this Act.
5
In this Schedule—
a
“transferor” means a body or person from whom a function has been transferred under this Act and from whom any property, right, liability or obligation has been so transferred, and
b
“transferee” means a local authority to whom a function or any property, right, liability or obligation has been so transferred,
and “transfer of function” includes the giving of a function to a local authority which was previously performed by another body including another local authority.