412 Transfer and pension instruments: common provisions
Greater London Authority Act 1999 (1999 c 29) | Legislation

412  Transfer and pension instruments: common provisions

(1)     The property, rights and liabilities which may be transferred by a transfer or pension instrument include—

(a)     property, rights and liabilities that would not otherwise be capable of being transferred or assigned; and

(b)     rights and liabilities under enactments.

(2)     No right of reverter, right of pre-emption, right of forfeiture, right of re-entry, right to compensation, option or similar right affecting any land or other property shall operate or become exercisable as a result of any transfer of land or other property by virtue of a transfer or pension instrument (whether or not any consent required to the transfer has been obtained).

(3)     No right to terminate or vary a contract or instrument shall operate or become exercisable, and no provision of a contract or relevant document, shall operate or become exercisable or be contravened, by reason of any transfer by virtue of a transfer or pension instrument.

(4)     For purposes connected with any transfers made by virtue of a transfer or pension instrument (including the transfer of rights and liabilities under an enactment) a body or person to which anything is transferred by virtue of the instrument is to be treated

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