Localism Act 2011

191 Abolition of London Development Agency and transfer of its property etc E+W

(1) The London Development Agency ceases to exist on the day on which this subsection comes into force.

(2) The Secretary of State may at any time make a scheme (a “transfer scheme”) transferring the property, rights and liabilities of the London Development Agency that are specified in the scheme to—

(a) the Greater London Authority,

(b) a functional body,

(c) a company that is a subsidiary of the Greater London Authority,

(d) the Secretary of State,

(e) a London borough council, or

(f) the Common Council of the City of London.

(3) Before making a transfer scheme, the Secretary of State must consult the Mayor of London.

(4) The Secretary of State may by order specify another person, or a description of other persons, to whom property, rights or liabilities of the London Development Agency may be transferred by a transfer scheme.

(5) In this section—

• “company” means—

  (a)

  a company within the meaning given by section 1(1) of the Companies Act 2006, or

  (b)

  [F1 a registered society within the meaning of the Co-operative and Community Benefit Societies Act 2014 or a society registered or deemed to be registered under] the Industrial and Provident Societies Act (Northern Ireland) 1969;

• “functional body” has the meaning given by section 424(1) of the Greater London Authority Act 1999;

• “rights” and “liabilities” include rights, or (as the case may be) liabilities, in relation to a contract of employment;

• “subsidiary” has the meaning given by section 1159 of the Companies Act 2006.

Textual Amendments

F1 Words in s. 191(5) substituted (1.8.2014) by Co-operative and Community Benefit Societies Act 2014 (c. 14), s. 154, Sch. 4 para. 177 (with Sch. 5)

Commencement Information

I1 S. 191(1) in force at 31.3.2012 by S.I. 2012/628, art. 4(a)

I2 S. 191(2)-(5) in force at 15.1.2012 by S.I. 2012/57, art. 4(1)(y) (with arts. 6, 7, arts. 9-11)