[333DB Further provisions about transfer schemes]

[333DB  Further provisions about transfer schemes]

[(1)     A transfer scheme may—

(a)     create for the transferor interests in, or rights over, property transferred by virtue of the scheme,

(b)     create for a transferee interests in, or rights over, property retained by the transferor or transferred to another transferee,

(c)     create rights or liabilities between the transferor and a transferee or between transferees.

(2)     A transfer scheme may provide for the transfer of property, rights or liabilities that would not otherwise be capable of being transferred or assigned.

(3)     In particular, a transfer scheme may provide for the transfer to take effect regardless of a contravention, liability

Powered by Lexis+®

Popular documents