PART 3Mutual societies

Transfer of functions

I153Evidence

1

A certificate issued by the Treasury that property vested in a person immediately before a transfer order takes effect has been transferred as a result of the order is conclusive evidence of the transfer.

2

Transfer order” means—

a

an order under section 50,

b

an order under section 51(4), or

c

an order under Part 21 of FSMA 2000 (mutual societies).