SCHEDULE 2 Transfer Schemes

SCHEDULE 2 Transfer Schemes

Section 30

Contents of transfer scheme

1

(1)     A transfer scheme—

(a)     shall set out the property, rights and liabilities to be transferred by the scheme; and

(b)     may make incidental, supplemental, consequential and transitional provision in connection with the transfer of that property and of those rights and liabilities.

(2)     The provisions of the scheme setting out the property, rights and liabilities to be transferred may do so in either or both of the following ways—

(a)     by specifying them or describing them in particular; or

(b)     by identifying them generally by reference to, or to a specific part of, an undertaking from which they are to be transferred.

(3)     The property, rights and liabilities that are to be capable of being transferred by a transfer scheme include—

(a)     property, rights and liabilities that would not otherwise be capable of being transferred or assigned by the person from whom they are transferred;

(b)     property acquired and rights and liabilities arising in the period after the making of the scheme and before it comes into force;

(c)     rights and liabilities arising subsequently in respect of matters occurring in that period;

(d)     property situated

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