165 Distribution of property, rights and liabilities.E+W+S
This section has no associated Explanatory Notes
(1)Transport for London may make schemes for the transfer of property, rights and liabilities—
(a)between Transport for London and any subsidiary of Transport for London; or
(b)between any subsidiary of Transport for London and any other such subsidiary.
(2)A scheme under this section shall not take effect unless and until it has been approved by the Mayor.
(3)Where a scheme under this section is submitted to the Mayor for his approval, he may, after consultation with Transport for London, modify the scheme before approving it.
(4)Schedule 12 to this Act (which makes further provision in relation to schemes under this section) shall have effect.