130 Transfer of property, etc, to certain designated institutions

130  Transfer of property, etc, to certain designated institutions

(1)     This section applies to an institution designated under section 129 of this Act in any case where—

(a)     the order designating the institution under that section so provides; and

(b)     immediately before the date on which the designation takes effect (referred to below in this section, in relation to such an institution, as the designation date) the institution is an institution assisted by a [local authority] (referred to below in this section as the former assisting authority).

(2)     Subject to subsection (4) below and section 198 of this Act, on the designation date in relation to any institution to which this section applies the property, rights and liabilities

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