The North Hull Housing Action Trust (Dissolution) Order 1998

• Citation: S.I. 1998/2871
• Sections: 7

Section 1 Citation and commencement

This Order may be cited as the North Hull Housing Action Trust (Dissolution) Order 1998 and shall come into force on 1st January 1999.

Section 2 Interpretation

In this Order–

“the 1981 Act ” means the New Towns Act 1981 ;

“commencement date” means the date specified in article 1;

“ the Commission ” means the Commission for the New Towns ;

“the dissolution date” means the date specified in article 6;

“ the Trust ” means the North Hull Housing Action Trust which was established by the North Hull Housing Action Trust (Area and Constitution) Order 1991 .

Section 3 Transfer of property, rights, liabilities and functions to the Commission

(1) Subject to paragraph (2) below–

(a) any property, rights and liabilities remaining vested in the Trust; and

(b) any function exercisable by the Trust,

immediately before the commencement date shall be transferred to the Commission on that date.

(2) Paragraph (1) shall not apply in respect of any property, rights, liabilities and functions which the Trust has notified in writing to the Commission, at least 14 days before the commencement date, as those which it thinks it necessary or expedient to retain for the purpose of preparing its final accounts and report and winding up its affairs.

(3) Any property, rights and liabilities remaining vested in the Trust and any function exercisable by the Trust immediately before the dissolution date shall be transferred to the Commission on that date.

Section 4 Additional functions of the Commission

(1) The purposes for which the Commission exists, as mentioned in section 36(1) of the 1981 Act (functions of Commission), shall also include–

(a) to take over and, with a view to its eventual disposal, to hold, manage and turn to account the property of the Trust transferred to the Commission by article 3, and

(b) as soon as it considers it expedient to do so, to dispose of property so transferred, and

(c) to carry out any functions transferred to it by article 3.

(2) In this article–

(a) any reference to property transferred to the Commission by article 3 includes a reference to rights and liabilities so transferred; and

(b) in relation to liabilities so transferred, any reference to disposal includes a reference to extinguishment.

Section 5 Restrictions on additional functions of the Commission

Section 37 of the 1981 Act shall have effect as if any reference to section 36 included a reference to article 4.

Section 6 Dissolution of the Trust

The Trust shall be dissolved on 1st March 1999.

Section 7 Revocation of Order

The North Hull Housing Action Trust (Area and Constitution) Order 1991 is revoked with effect from the dissolution date.