Part XVIU.K. Urban Development

Transfer of corporations’ undertakingsE+W+S

[F1165A Transfer of property, rights and liabilities by order.E+W+S

(1)Subject to this section, the Secretary of State may at any time by order transfer to himself, upon such terms as he thinks fit, any property, rights or liabilities which—

(a)are for the time being vested in an urban development corporation, and

[F2(b)are not proposed to be transferred under section 165 above or 165B below.]

(2)An order under this section may terminate—

(a)any appointment of the corporation under subsection (1) of section [F342 of the Housing and Regeneration Act 2008 (agency arrangements with urban development corporations)]; and

(b)any arrangements made by the corporation under [F4subsections (5) and (6)] of that section.

(3)Before making an order under this section, the Secretary of State shall consult each local authority in whose area all or part of the urban development area is situated.

(4)An order under this section shall be made by statutory instrument which shall be subject to annulment in pursuance of a resolution of either House of Parliament.]

Textual Amendments

F1S. 165A inserted (11.10.1993 except in relation to the insertion of s. 165A(2) and 10.11.1993 so far as not already in force) by 1993 c. 28, s. 180(2); S.I. 1993/2134, art. 4(a); S.I. 1993/2762, art. 3

F2S. 165A(1)(b) substituted (24.9.1996) by 1996 c. 53, ss. 143(4), 150(2)