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This is the original version (as it was originally enacted).
(1)Any vehicle licence may be transferred in the manner prescribed by regulations made by the Secretary of State.
(2)The holder of a vehicle licence may at any time surrender the licence to the Secretary of State.
(3)Where—
(a)a person surrenders under subsection (2) a temporary licence issued pursuant to an application for a vehicle licence, and
(b)a further vehicle licence issued pursuant to the application is either held by him at the time of the surrender of the temporary licence or received by him after that time,
the further licence ceases to be in force and the person shall immediately return it to the Secretary of State.
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