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5.—(1) The property of the Commission identified as property to transfer to the Authority in the document entitled “The National Health Service Trust Development Authority Property Schedule 2012” and signed by the Commission on 5th March 2012 is to be transferred to the Authority on the transfer date.
(2) All liabilities of the Commission relating to the property listed in the National Health Service Trust Development Authority Property Schedule 2012 are to be transferred to the Authority on the transfer date.
(3) Any right relating to the property listed in the National Health Service Trust Development Authority Property Schedule 2012 that was immediately before the transfer date enforceable by or against the Commission is, on or after the transfer date, to be enforceable by or against the Authority.
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