C1Part II Re-organisation of the Railways
Supplemental
116 Interpretation of Part II.
1
In this Part, unless the context otherwise requires—
“dispose”, in relation to any land, includes the making of any disposition and “disposal” shall be construed accordingly;
“franchise company” has the meaning given by section 85(8) above;
“property”, “rights” and “liabilities” shall be construed in accordance with section 85(2) above and subsection (2) below;
“successor company” means a company in which any property, rights or liabilities are vested by virtue of and in accordance with a transfer scheme;
“transfer date” has the meaning given by section 85(6) or, as the case may be, 86(5)(b) above;
“transferee” and “transferor”, in relation to any transfer of property, rights or liabilities effected or proposed to be effected by virtue of a transfer scheme, mean respectively the person to whom and the person from whom they are, or are to be, so transferred.
2
Any reference in this Part to property, rights or liabilities is a reference to property or (as the case may be) rights or liabilities—
a
whether or not capable of being transferred or assigned otherwise than under or by virtue of this Act;
b
whether situate or subsisting in the United Kingdom or elsewhere; and
c
whether the person entitled to the property or rights or, as the case may be, subject to the liabilities is so entitled or subject—
i
under the law of the United Kingdom or of any part of the United Kingdom; or
ii
under the law of any country or territory outside the United Kingdom;
and references to an undertaking or part of an undertaking shall be construed accordingly.
Pt. II (ss. 84-116) excluded (retrospective to 5.11.1993) by 1994 c. 9, s. 252, Sch. 24 para. 4(1)
Pt. II (ss. 84-116) excluded (retrospective to 11.1.1994) by 1994 c. 9, s. 252, Sch. 24 para. 8(4)
Pt. II (ss. 84-116) excluded (retrospective to 5.11.1993) by 1994 c. 9, s. 252, Sch. 24 para. 17(2) (with s. 252(2))