50Interests in land

50 Interests in land

Without prejudice to the generality of this Division and despite anything to the contrary in any other Act or law if, immediately before the relevant date, a transferor is, in relation to former PTC property or former rail corporation property, the registered proprietor of an interest in land under the Transfer of Land Act 1958, then on and after that date—

(a) the transferee is to be taken to be the registered proprietor of that interest in land; and

(b) the transferee has the same rights and remedies in respect of that interest as the transferor had.