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Changes over time for: Section 216


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Version Superseded: 20/12/2023
Status:
Point in time view as at 01/08/2014. This version of this provision has been superseded.

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Changes to legislation:
Localism Act 2011, Section 216 is up to date with all changes known to be in force on or before 06 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.

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216Transfers of property, rights and liabilitiesE+W
This section has no associated Explanatory Notes
(1)The Mayor may at any time make a scheme (a “transfer scheme”) transferring to a permitted recipient, upon such terms as the Mayor considers appropriate, any property, rights or liabilities which are for the time being vested in an MDC.
(2)A transfer scheme may provide for a transfer to a person within paragraph (d), (e) or (f) of the definition of “permitted recipient” in subsection (4) only if the person consents.
(3)The Mayor must publish a transfer scheme as soon after it is made as is reasonably practicable.
(4)In this section—
“company” means—
(a)
a company within the meaning given by section 1(1) of the Companies Act 2006, or
(b)
[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;
“permitted recipient” means—
(a)
the Greater London Authority,
(b)
a functional body other than the MDC concerned,
(c)
a company that is a subsidiary of the Greater London Authority,
(d)
a London borough council,
(e)
the Common Council of the City of London, or
“subsidiary” has the meaning given by section 1159 of the Companies Act 2006.
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