The General Practice Finance Corporation (Transfer of Property etc. and Abolition) Order 1989

• Citation: S.I. 1989/110
• Sections: 3

Section 1 Citation, commencement and interpretation

(1) This Order may be cited as the General Practice Finance Corporation (Transfer of Property etc. and Abolition) Order 1989 and shall come into force on 27th February 1989.

(2) In this Order –

“ the Act ” means the Health and Medicines Act 1988;

“ the Corporation ” means the General Practice Finance Corporation .

Section 2 Transfer of property, rights and liabilities of the Corporation

On 27th February 1989 all the property, rights and liabilities to which the Corporation is entitled or subject immediately before that date shall become the property, rights and liabilities of the General Practice Finance Corporation Limited, a company which is incorporated under the Companies Act 1985 (registered number 2334210) and is the company nominated for the purposes of section 1 of the Act by the Secretary of State.

Section 3 Abolition of the Corporation

The day appointed for the purposes of section 1(9) of the Act (as the day on which the Corporation shall cease to exist) is 27th February 1989.