127ADissolution of higher education corporations in England

1

If requested to do so by notice given by a higher education corporation in England, the Secretary of State may make an order providing for—

a

the dissolution of the corporation, and

b

the transfer of property, rights and liabilities of the corporation to—

i

a person appearing to the Secretary of State to be wholly or mainly engaged in the provision of educational facilities or services of any description;

ii

a body corporate established for purposes which include the provision of such facilities or services;

iii

the Office for Students.

2

An order under this section must not provide for transferring the property, rights or liabilities of a higher education corporation in England to a person or body without the consent of the person or body.

3

Subsection (4) applies where the recipient of a transfer under an order under this section is not a charity established for charitable purposes which are exclusively educational purposes.

4

Any property transferred must be transferred on trust to be used for charitable purposes which are exclusively educational purposes.

5

Before making an order under this section the Secretary of State must consult the Office for Students.

6

In this section “charitable purposes” has the meaning given by section 11 of the Charities Act 2011.

7

An order under this section may apply section 127 with such modifications as the Secretary of State may consider necessary or desirable.