Bodies corporate1 known as: (1) the Board of Trustees of the National Gallery (the 'National Gallery Board')2; (2) the Board of Trustees of the Tate Gallery (the 'Tate Gallery Board')3; (3) the Board of Trustees of the National Portrait Gallery (the 'National Portrait Gallery Board')4; and (4) the Board of Trustees of the Wallace Collection (the 'Wallace Collection Board')5 have been established6. On 1 September 19927 all the property and rights which immediately before that day were held by any of the new boards' predecessor trustees8 in their capacity as such, and any liabilities or obligations to which, immediately
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