keep SPECIFICATION OF HERITABLE PROPERTY, STANDARD SECURITIES, MINUTES OF AGREEMENT, CONTRACTS AND AGREEMENTS
This Order provides for the transfer of heritable property, rights, liabilities, and interests in contracts/securities from the Cumbernauld Development Corporation to Cumbernauld and Kilsyth District Council on 31st March 1996. It includes provisions ensuring continuity of legal proceedings, contracts, deeds and other documents by treating the council as the successor in law to the development corporation for transferred matters.
This is an administrative transfer order with no regulatory burden on private parties. It merely provides the legal mechanism to transfer assets and liabilities from a defunct development corporation to a local council. Deletion would leave property, contracts, and ongoing legal proceedings in legal limbo, harming all parties involved. No alternative less restrictive mechanism could achieve this orderly succession.