Growth Centres (Development Corporations) Act 1974

The substitution of Part 2 of this Act by Schedule 1 [4] to the amending Act does not affect—

the status of any growth centre that existed immediately before that substitution, and

the corporate status of any development corporation that existed immediately before that substitution, and each such development corporation is the continuation of, and is the same legal entity as, the development corporation constituted under the same name before that substitution.

On the substitution of Part 2 of this Act by Schedule 1 [4] to the amending Act—

each development corporation that existed immediately before that substitution ceases to be a corporation comprised of members and becomes a corporation without members, and

the members of each development corporation cease to hold office as members of the corporation, but are not entitled to be paid any compensation by reason of ceasing to hold office, and

each person holding office as the chief executive of a development corporation immediately before that substitution is taken to be appointed under section 6B of this Act on the same terms and conditions on which, and for the balance of the term for which, the person was appointed, and

a board is constituted for each such development corporation, and

each person who was an appointed member of such a development corporation immediately before that substitution is taken to have been appointed to that board under the relevant provision of section 6A of this Act as if the amending Act had been in force at the time of the appointment, and

(Repealed)