Source: http://www.legislation.gov.uk/ukpga/1993/43/section/27
Timestamp: 2018-07-23 12:07:51
Document Index: 80944978

Matched Legal Cases: ['art. 2', 'art. 2', 'art. 3', 'art. 2', 'art. 2', 'art. 3', 'art. 2', 'art. 2', 'art. 3', 'art. 2', 'art. 3', 'art. 2', 'art. 3']

s. 27(1)-(4) words substituted by S.I. 2018/631 Sch. para. 9(2)
s. 27(8)-(10) words substituted by S.I. 2018/631 Sch. para. 9(2)
27 Transfer of franchise assets and shares.E+W+S
(1)It shall be the duty of the [F1appropriate franchising authority] before entering into a franchise agreement to satisfy [F2itself] that if the franchise agreement is entered into—
(2)After a franchise agreement has been entered into, it shall be the duty of the [F1appropriate franchising authority], before any property, rights or liabilities are subsequently designated as franchise assets in accordance with the terms of, or by amendment to, the franchise agreement, to satisfy [F2itself] that, if the property, rights or liabilities in question are so designated, they will be vested in the franchise operator.
(3)Without the consent of the [F1appropriate franchising authority], the franchise operator shall not—
(4)Where the franchise agreement is one under which the franchisee undertakes to secure that a wholly owned subsidiary of his provides the franchised services, the franchisee shall not, without the consent of the [F1appropriate franchising authority], take any action which would result in the franchise operator ceasing to be a wholly owned subsidiary of his.
(6)In England and Wales, no execution or other legal process may be commenced or continued, and no distress may be levied [F3and no power to use the procedure in Schedule 12 to the Tribunals, Courts and Enforcement Act 2007 may be exercised ], against any property which is, or rights which are, franchise assets in the case of any franchise agreement.
the [F1appropriate franchising authority] shall ensure that the franchise agreement includes provision specifying, or providing for the determination of, amounts to be paid in respect of the property, rights and liabilities which, immediately before the end of the franchise period, constitute the franchise assets in relation to that franchise agreement if and to the extent that they are transferred by [F4a scheme under [F5section 12 of the Railways Act 2005]] at or after the end of that period.
(9)Without prejudice to the generality of the provisions that may be included in a franchise agreement with respect to the acquisition, provision, disposal or other transfer of property, rights or liabilities (whether franchise assets or not), the [F1appropriate franchising authority] may undertake in a franchise agreement to exercise [F6its] powers under [F5section 12 of the Railways Act 2005] to transfer franchise assets to [F6itself] or another in such circumstances as may be specified in the franchise agreement.
(10)The [F1appropriate franchising authority] shall ensure that every franchise agreement includes such provision (if any) as [F7it] may consider appropriate in the particular case for the purpose of securing—
F1Words in s. 27 substituted (24.7.2005 for certain purposes and 16.10.2005 in so far as not already in force) by Railways Act 2005 (c. 14), ss. 1, 60, Sch. 1 para. 17(1); S.I. 2005/1909, art. 2, Sch.; S.I. 2005/2812, art. 2(1), Sch. 1
F2Words in s. 27(1)(2) substituted (1.2.2001) by 2000 c. 38, s. 215, Sch. 16 para. 17(2); S.I. 2001/57, art. 3(1), Sch. 2 Pt. I (subject to savings and transitional provisions in Sch. 2 Pt. II)(which S.I. was amended by S.I. 2001/115, art. 2(2))
F3Words in s. 27(6) inserted (6.4.2014) by Tribunals, Courts and Enforcement Act 2007 (c. 15), s. 148, Sch. 13 para. 112 (with s. 89); S.I. 2014/768, art. 2(1)(b)
F4Words in s. 27(8) substituted (1.2.2001) by 2000 c. 38, s. 252, Sch. 27 para. 24(2); S.I. 2001/57, art. 3(1), Sch. 2 Pt. I (subject to savings and transitional provisions in Sch. 2 Pt. II)
F5Words in s. 27(8)(9) substituted (24.7.2005 for certain purposes and 16.10.2005 in so far as not already in force) by Railways Act 2005 (c. 14), ss. 1, 60, Sch. 1 para. 17(2); S.I. 2005/1909, art. 2, Sch.; S.I. 2005/2812, art. 2(1), Sch. 1
F6Words in s. 27(8) substituted (1.2.2001) by 2000 c. 38, s. 215, Sch. 16 para. 17(4); S.I. 2001/57, art. 3(1), Sch. 2 Pt. I (subject to savings and transitional provisions in Sch. 2 Pt. II)(which S.I. was amended by S.I. 2001/115, art. 2(2))
F7Words in s. 27(10) substituted (1.2.2001) by 2000 c. 38, s. 215, Sch. 16 para. 17(5); S.I. 2001/57, art. 3(1), Sch. 2 Pt. I (subject to savings and transitional provisions in Sch. 2 Pt. II)(which S.I. was amended by S.I. 2001/115, art. 2(2))
F8S. 27(14)(15) repealed (1.2.2001) by 2000 c. 38, s. 274, Sch. 31 Pt. IV; S.I. 2001/57, art. 3(1), Sch. 2 Pt. I (subject to savings and transitional provisions in Sch. 2 Pt. II)