Subsection (2) applies if the Secretary of State receives notification under section 197(6) of the designation of a Mayoral development area.
The Secretary of State must by order—
establish a corporation for the area,
give the corporation the name notified to the Secretary of State by the Mayor, and
give effect to any decisions notified under section 202(8) (decisions about planning functions, but see also sections 199(4) and 214(6) as regards other decisions to which effect has to be given).
A corporation established under subsection (2) is a Mayoral development corporation.
A Mayoral development corporation is a body corporate having the name given to it by the order establishing it.
In exercising power under subsection (2) to make provision of the kind mentioned in section 235(2)(b), the Secretary of State is to have regard to any relevant representations received from the Mayor.
Schedule 21 (further provision about MDCs) has effect.