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Electricity Industry (Residual Provisions) Act 1993
122Substitution of party to agreement
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122 Substitution of party to agreement
If, under an allocation statement, the rights and liabilities of ESV under an agreement are allocated to a distribution company or another person—
(a) the company or person becomes, on the relevant date, a party to the agreement in place of ESV; and
(b) on and after the relevant date, the agreement has effect as if the company or person had always been a party to the agreement.
S. 123