Commentary Part 8: London Chapter 2: Mayoral development corporations Sections 215 to 217: Dissolution
439.Section 215 provides that the Mayor is obliged to review, from time to time, the continuing existence of a mayoral development corporation.
440.Section 216 provides for the Mayor to transfer any mayoral development corporation property, rights or liabilities to: the Greater London Authority; a subsidiary company of the Authority; a functional body of the Greater London Authority other than the mayoral development corporation; or a London borough council; the Common Council of the City of London or any other body - with their agreement.
441.Section 217 provides that the Mayor can ask the Secretary of State to revoke the order that established a mayoral development corporation, provided the mayoral development corporation has no property, rights or liabilities. The Secretary of State must make an order giving effect to any such request from the Mayor.