86 Powers of the Franchising Director to make transfer schemes
Railways Act 1993 (1993 c 43) | Legislation

86  Powers of the Franchising Director to make transfer schemes

(1)ÌýÌýÌýÌý The Franchising Director shall have power to make schemes for the transfer, at or after the end of the franchise period, of property, rights and liabilities which, immediately before the end of that period, are for the time being designated as franchise assets for the purposes of the franchise agreement in question to—

(a)ÌýÌýÌýÌý the Franchising Director;

(b)ÌýÌýÌýÌý a company which is wholly owned by the Franchising Director; or

(c)ÌýÌýÌýÌý a franchise company.

(2)ÌýÌýÌýÌý In the following provisions of this section—

(a)

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