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2(1)Sub-paragraph (2) shall have effect for the purposes of, or in connection with, the vesting in the BSC by virtue of section 128(2) of property, rights or liabilities of the existing boards.
(2)Any agreement made, transaction effected or other thing done by or in relation to either of the existing boards which is in force or effective immediately before the transfer date shall have effect as from that date as if made, effected or done by or in relation to the BSC, in all respects as if the BSC were the same person, in law, as that existing board; and accordingly references to either of the existing boards—
(a)in any agreement (whether or not in writing) and in any deed, bond or instrument,
(b)in any process or other document issued, prepared or employed for the purpose of any proceeding before any court or other tribunal or authority, and
(c)in any other document whatever (other than an enactment),
shall be taken as from the transfer date as referring to the BSC.
3(1)Where immediately before the transfer date there is in force an agreement which—
(a)confers or imposes on either of the existing boards any rights or liabilities which vest in the BSC by virtue of section 128(2), and
(b)refers (in whatever terms and whether expressly or by implication) to a member or officer of that existing board,
the agreement shall have effect, in relation to anything falling to be done on or after the transfer date, as if for that reference there were substituted a reference to such person as the BSC may appoint or, in default of appointment, to the member or employee of the BSC who corresponds as nearly as possible to the member or officer of that existing board.
(2)References in this paragraph to an agreement include references to a deed, bond or other instrument.
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