140Allocation of property etc. subject to encumbrances

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140 Allocation of property etc. subject to encumbrances

a distribution company—

(c) the property and rights so vested are subject to the encumbrances (if any) to which they were subject immediately before so vesting; and

(d) the rights to which a municipal council was entitled in respect of those liabilities immediately before they ceased to be liabilities of the municipal council vest in the distribution company.

S. 141

Section 140 - Electricity Industry (Residual Provisions) Act 1993 - Allocation of property etc. subject to encumbrances | Zoe