Subsection (2) applies if no property, no rights and no liabilities are vested in an MDC ("the MDC").
The Mayor may request the Secretary of State to revoke the order under section 198(2) which established the MDC.
If the Secretary of State receives a request under subsection (2), the Secretary of State must make an order giving effect to the request.
Where the Secretary of State makes an order under subsection (3)—
the MDC is dissolved on the coming into force of the order, and
the Mayor must revoke the designation of the Mayoral development area for which the MDC was established.
Where the Mayor makes a revocation under subsection (4)(b), the Mayor must—
publicise the revocation, and
notify the Secretary of State of the revocation.