Part III General Provisions with Respect to Transfers by or under Section 3 or 22
Environment Act 1995 (1995 c 25) | Legislation

Part III General Provisions with Respect to Transfers by or under Section 3 or 22

Consideration

9

No consideration shall be provided in respect of the transfer of any property, rights or liabilities by or under section 3 or 22 of this Act; but—

(a)     a transfer scheme may contain provision for consideration to be provided by the relevant new Agency in respect of the creation of interests, rights or liabilities by means of the transfer scheme; and

(b)     any such provision shall be enforceable in the same way as if the interests, rights or liabilities had been created, and (if the case so requires) had been capable of being created, by agreement between the parties.

Continuity

10

(1)     This paragraph applies in relation to—

(a)     any transfer of property, rights or liabilities by section 3 or 22 of this Act; or

(b)     subject to any provision to the contrary in the transfer scheme in question, any transfer of property, rights or liabilities by a transfer scheme.

(2)     Where this paragraph applies in relation to a transfer, then, so far as may be necessary for the purposes of, or in connection with, the transfer—

(a)     any agreements

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