Point in time view as at 26/12/2023.
Further and Higher Education Act 1992, Section 27B is up to date with all changes known to be in force on or before 05 March 2025. There are changes that may be brought into force at a future date. Changes that have been made appear in the content and are referenced with annotations.
(1)At any time before the dissolution date, the corporation may transfer any of their property, rights or liabilities to such person or body, or a person or body of such description, as may be prescribed by regulations made by the appropriate authority.
(2)The corporation may do so only with the consent of the person or body concerned.
(3)A transfer under subsection (1) has effect on the dissolution date.
(4)Subsection (5) applies if a person or body prescribed, or of a description prescribed, under subsection (1) is not a charity established for charitable purposes which are exclusively educational purposes.
(5)Any property transferred to the person or body must be transferred on trust to be used for charitable purposes which are exclusively educational purposes.
(6)In this section, “the appropriate authority” has the meaning given in section 27.]
Textual Amendments
F1Ss. 27-27B substituted for ss. 27-27C (1.8.2014 for specified purposes; 1.9.2014 in force in so far as not already in force) by Further and Higher Education (Governance and Information) (Wales) Act 2014 (anaw 1), ss. 3, 11(2); S.I. 2014/1706, art. 2, art. 3(c)
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