SCHEDULE 12 Transport for London Transfer Schemes
Greater London Authority Act 1999 (1999 c 29) | Legislation

SCHEDULE 12 Transport for London Transfer Schemes

Sections 165 and 217

Interpretation

1

In this Schedule—

“transfer scheme†means—

(a)     a scheme under section 165 of this Act; or

(b)     a scheme under section 217 of this Act;

“transferor†means the person from whom property, rights or liabilities are transferred by a transfer scheme;

“transferee†means a person to whom any such property, rights or liabilities are so transferred.

Contents of transfer schemes

2

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

(a)     property, rights and liabilities which 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 scheme 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

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