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3. Upon the coming into force of this Order there shall be transferred—
(a)to Highlands and Islands Enterprise all relevant property, rights and liabilities situated in or referable to Highlands and Islands Enterprise area; and
(b)to Scottish Enterprise (established by section 1 (a) of the 1990 Act) all remaining relevant property, rights and liabilities including the rights under the leases listed in the Schedule to this Order.
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