55 Trustee investments
Transport Act 2000 (2000 c 38) | Legislation

55  Trustee investments

(1)     This section applies if—

(a)     any property, rights or liabilities are transferred under a transfer scheme to a transferee which at the time of the transfer is a company wholly owned by the Crown,

(b)     at a time after the transfer the first condition (set out in subsection (2)) is satisfied, and

(c)     the second condition (set out in subsection (3)) is satisfied.

(2)     The first condition is that

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