47 Accounting provisions
Transport Act 2000 (2000 c 38) | Legislation

Accounting provisions

47  Accounting provisions

(1)     This section applies if any property, rights or liabilities are transferred under a transfer scheme—

(a)     from the CAA to a company,

(b)     from a company to the CAA, or

(c)     from a company to a company.

(2)     The transfer scheme may state—

(a)     the value at which any asset transferred to the transferee under the scheme is to be entered in the opening accounts of the transferee;

(b)     the amount at which any liability so transferred is to be entered in those accounts.

(3)     The value or amount which may be

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