SCHEDULE 5LAND TRANSFERS WHEN A SCHOOL CHANGES CATEGORY OR ACQUIRES A FOUNDATION
Rules relating to transfer
5.
(1)
This paragraph applies where any proposals that a voluntary aided or voluntary controlled school should become a foundation school have been approved.
(2)
In such a case, any land which, immediately before the implementation date, was held by the local authority for the purposes of the voluntary aided or voluntary controlled school must on that date transfer to, and by virtue of this paragraph vest in—
(a)
the trustees of the school, to be held by them on trust for the purposes of the school; or
(b)
if the school has no trustees, the governing body to be held by that body for the relevant purposes.