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Financial Services Act 2012

Financial Services Act 2012

2012 CHAPTER 21

Commentary

Part 3 – Mutual Societies

Section 53: Evidence

505.Orders under section 50 may include provision transferring property held in connection with the function transferred. Section 53 provides that a certificate issued by the Treasury that property vested in a person immediately before a transfer order takes effect has been transferred as a result of the order is conclusive evidence of the transfer; such a certificate may be necessary, for example, for registration purposes.

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