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Transfer of licences. 33.(1) Subject to subsection (2), a licence granted under Part II or Part III shall not be transferable by the holder of the licence or by operation of law to any other person. (2) The Ministry may by regulations provide for the holding of a licence granted under Part II or Part III by a person other than the person to whom the licence was granted where (a)the person to whom the licence was granted dies or becomes incapacitated, or is adjudicated bankrupt or makes any composition or arrangement with his creditors; (b)an order has been made by a court, or a resolution has been passed for the winding up of the undertaking of the person to whom the licence was granted, except for the purpose of reconstruction; (c)a receiver or liquidator of the undertaking of the person to whom the licence was granted has been appointed; or (d)the person to whom the licence was granted is a government department (including a department of the Government of the United Kingdom) or a body established by or under any statutory provision and the functions of that department or body are transferred by or under a statutory provision to any other person; [or (e)in the case of a road service licence or operator's licence, the licence has been revoked under section 10(3A) or 29(2B), as the case may be, as from some future date.]
© 1967 Crown Copyright
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