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Postal Services Act 2011
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11(1)This paragraph applies where a person would otherwise be entitled, in consequence of anything done or likely to be done by or under this Act in connection with a postal transfer scheme—U.K.
(a)to terminate, modify, acquire or claim an interest or right, or
(b)to treat an interest or right as modified or terminated.
(2)The entitlement—
(a)is not enforceable in relation to the interest or right until after the transfer of the interest or right by the scheme, and
(b)after that transfer, is enforceable in relation to the interest or right only in so far as the scheme contains provision for the interest or right to be transferred subject to whatever confers the entitlement.
(3)Where shares in a subsidiary of the old company are transferred, sub-paragraph (2) has effect in relation to an interest or right of the subsidiary as if the references to the transfer of the interest or right included a reference to the transfer of the shares.
Commencement Information
I1Sch. 11 para. 11 in force at 1.10.2011 by S.I. 2011/2329, art. 3
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