Schedule 6 | Transfer Schemes Relating To BBC Transmission Network: Successor Companies | Broadcasting Act 1996 C55

SCHEDULE 6 Transfer Schemes Relating to BBC Transmission Network: Successor Companies

Broadcasting Act 1996 (1996 c 55) | Legislation

SCHEDULE 6 Transfer Schemes Relating to BBC Transmission Network: Successor Companies

Section 134 Interpretation

(1) In this Schedule—

“the Charter” means the Royal Charter of 1st May 1996 for the continuance of the British Broadcasting Corporation;

“preparatory scheme” means a transfer scheme whose main purpose is to provide for a transfer of property, rights or liabilities from the BBC to a wholly-owned subsidiary of the BBC;

“successor company” means a company to which property, rights or liabilities are transferred in accordance with a preparatory scheme at a time when the company is a wholly-owned subsidiary of the BBC;

“transfer” includes—

(a) any transfer effected by or under an agreement or instrument entered into or executed in pursuance of an obligation imposed by a provision contained in a preparatory scheme by virtue of paragraph 2(1)(g) of Schedule 5;

(b) the creation of interests, rights or liabilities by or under any such agreement or instrument; and

(c) the creation of interests, rights or liabilities by virtue of any provision contained in a preparatory scheme by virtue of paragraph 2 of Schedule 5;

and references to a transfer in accordance with a preparatory scheme shall be construed accordingly;

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