Commentary

12 Power to convey or lease market rights

MARKETS AND FAIRS vol 26(2)B
| Commentary

12 Power to convey or lease market rights

| Commentary

12 Power to convey or lease market rights

An ordinary owner of a franchise market may sell or lease the market rights as they please but the power to sell or lease a franchise market under a special Act1 generally depends upon the terms of the statute.

However, an owner of a market undertaking or of any rights in respect of a market and tolls, whether established under or enjoyed by virtue of statutory powers or not, may sell or lease to a local authority the whole or any part of their market undertaking or rights but only subject to all

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