The Education (New Schools) (Wales) Regulations 1999 No. 2243 (w. 3)

PART V TRANSITION FROM A TEMPORARY GOVERNING BODY TO A PERMANENT GOVERNING BODY

Property, rights and liabilities

42.  On the incorporation date—

(a) all land and other property which, immediately before the incorporation date, was property of the temporary governing body used or held for the purposes of the new school, and

(b) all rights and liabilities of the temporary governing body subsisting immediately before that date which were acquired or incurred for those purposes,

shall be transferred to and, by virtue of this regulation, vest in the governing body constituted under the instrument of government.