Notice of dissolution – Thomas Rotherham College
NOTICE is hereby given that the Governing Body of Thomas Rotherham College intends to make a resolution on 26 Oct 2017 dissolving the Corporation of Thomas Rotherham College on 1 November 2017 and immediately prior to dissolution transferring its property, right and liabilities to the Inspire Trust. The draft of the resolution is as follows:
publication of the results of a statutory consultation exercise undertaken by the Corporation of Thomas Rotherham College (as required under The Sixth Form College Corporations (Publication of Proposals)(England) Regulations 2012);
the carrying out of legal and financial due diligence exercises in respect of the Corporation of Thomas Rotherham College and the Inspire Trust;
publication of the draft resolution of the Corporation of Thomas Rotherham College to dissolve and provide for the transfer of its property, rights and liabilities (as required under Thomas Rotherham College's Articles of Association); and
the passing, by Inspire Trust, of a resolution to acquire the property, rights and liabilities of Thomas Rotherham College, such acquisition to take affect at 00:01 on 1 November 2017
the Corporation of Thomas Rotherham College hereby RESOLVES to transfer all of its property, rights and liabilities to the Inspire Trust, with the Corporation of Thomas Rotherham College dissolving at 00:01 on 1 November 2017 and all of its property, rights and liabilities transferring immediately before that time to the Inspire Trust in accordance with sections 33O and 33P of the Further and Higher Education Act 1992 (as amended) CONDITIONALLY UPON the Secretary of State for Education having entered into the Supplemental Funding Agreement for Thomas Rotherham College on or before 1 November 2017.