- Latest available (Revised)
- Original (As made)
This is the original version (as it was originally made). This item of legislation is currently only available in its original format.
4.—(1) Subject to paragraph (2), where—
(a)any assets have been transferred to the Health Authority in accordance with article 2; and
(b)in accordance with articles 3, 5, or 6, any liability is enforceable against the Health Authority, or any cost is to be met by the Health Authority,
the Health Authority shall secure that the liability or cost shall first be met out of the transferred assets.
(2) Where liabilities and costs exceed the total value of the transferred assets they shall be met from the transferred assets in the following order—
(a)costs incurred in preparation of the accounts as set out in article 5;
(b)the cost of meeting rights and liabilities retained by the former members of a fund-holding practice as set out in article 6;
(c)the cost of meeting rights and liabilities transferred to the Health Authority in accordance with article 3.
Latest Available (revised):The latest available updated version of the legislation incorporating changes made by subsequent legislation and applied by our editorial team. Changes we have not yet applied to the text, can be found in the ‘Changes to Legislation’ area.
Original (As Enacted or Made): The original version of the legislation as it stood when it was enacted or made. No changes have been applied to the text.
Access essential accompanying documents and information for this legislation item from this tab. Dependent on the legislation item being viewed this may include:
Use this menu to access essential accompanying documents and information for this legislation item. Dependent on the legislation item being viewed this may include:
Click 'View More' or select 'More Resources' tab for additional information including: