SCHEDULE 5 Transfer Schemes Relating to BBC Transmission Network: Supplementary Provisions
Broadcasting Act 1996 (1996 c 55) | Legislation

SCHEDULE 5 Transfer Schemes Relating to BBC Transmission Network: Supplementary Provisions

Section 131(4)

Contents and effect of scheme

1

(1)     A transfer scheme may define the property, rights and liabilities to be transferred to a particular person—

(a)     by specifying or describing the property, rights and liabilities in question,

(b)     by referring to all (or all but so much as may be excepted) of the property, rights and liabilities comprised in a specified part of the BBC's undertaking, or

(c)     partly in one way and partly in the other.

(2)     A transfer scheme shall appoint the day on which it is to come into force.

(3)     This Act shall have effect, in relation to any provision of a transfer scheme for the transfer of any property, rights or liabilities, so as to transfer the property, rights or liabilities, at the beginning of the day appointed for the coming into force of the scheme, and without further assurance, from the BBC to the person to whom they are allocated under the scheme and to vest them in that person; and the provisions of that scheme in relation to that transfer shall have effect from that time accordingly.

(4)

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