25.—(1) This regulation applies where a city or town for which charter trustees have been constituted pursuant to section 246(4) of the 1972 Act—
(a)becomes a parish; or
(b)becomes wholly comprised in a parish; or
(c)becomes wholly comprised in two or more parishes.
(2) In this regulation, any reference to the parish is a reference to the parish mentioned in paragraph 1(a) to (c), and any reference to the parish council is a reference to the council for that parish.
(3) The charter trustees shall be dissolved.
(4) The mayor or deputy mayor shall cease to hold office as such.
(5) Any local officer of dignity appointed pursuant to section 246(4)(c) of the 1972 Act shall hold office as if appointed by the parish council.
(6) The following matters owned, vested in, or exercisable by the charter trustees shall be transferred to the parish council—
(a)all property of whatever description;
(b)all rights, liabilities, contracts or other written instruments of whatever description; and
(c)any legal actions or proceedings.
(7) Regulation 4 (Continuity of matters) shall apply as if the charter trustees were a transferor authority, and the parish council were a transferee authority of the same tier.
(8) The accounts of the charter trustees and of its committees and officers shall be made up to the dissolution of the charter trustees, and shall be audited in the same way, and subject to the same procedures and penalties as if the charter trustees had not been dissolved.