(1)The Secretary of State may, in connection with the establishment of, or the transfer of any functions to, the MMO, make one or more schemes for the transfer to the MMO of designated property, rights or liabilities of any of the following—
(a)a Minister of the Crown,
(b)a government department,
(c)a statutory body.
(2)The Secretary of State may make one or more schemes for the transfer of designated property, rights or liabilities of the MMO to any of the following—
(a)a Minister of the Crown,
(b)a government department,
(c)a statutory body.
(3)In connection with the efficient management for public purposes of any property, rights or liabilities, the Secretary of State may at any time make one or more schemes for the transfer of—
(a)designated property, rights or liabilities of the Secretary of State to the MMO, or
(b)designated property, rights or liabilities of the MMO to the Secretary of State.
(4)On the transfer date for any designated property, rights or liabilities, that property and those rights and liabilities are transferred and vest in accordance with the scheme.
(5)In this section and Schedule 3—
“designated”, in relation to a scheme, means specified or described in, or determined in accordance with, the scheme;
“statutory body” means any body or person established by or under any enactment;
“transfer date”, in relation to any property, rights or liabilities, means a date specified by a scheme as the date on which the scheme is to have effect in relation to that property or those rights or liabilities.
(6)Schedule 3 makes further provision relating to schemes under this section.
Commencement Information
I1S. 39 in force at 12.1.2010 by S.I. 2009/3345, art. 2, Sch. para. 5