Oil Emergency Contingency and Transfer of Renewable Transport Fuels Functions Act 2023
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Transfer of property, etc. to Minister for Transport | ||
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29. (1) All property, rights and liabilities held, enjoyed or incurred before the vesting day by the Minister in connection with any function transferred by section 23 are, on the vesting day, transferred to the Minister for Transport and, accordingly, without any further conveyance, transfer or assignment— | ||
(a) the said property, real and personal, shall, from the vesting day, vest in the Minister for Transport, | ||
(b) the said rights shall, from the vesting day, be enjoyed by the Minister for Transport, and | ||
(c) the said liabilities shall, from the vesting day, be the liabilities of the Minister for Transport. | ||
(2) All moneys, stocks, shares and securities transferred to the Minister for Transport by this section that, immediately before the vesting day, stand in the name of the Minister shall, upon the request of the Minister for Transport, be transferred into his or her name. |