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Finance (No. 2) Act 1992
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- UK Public General Acts
- 1992 c. 48
- SCHEDULE 17
- Transfers between successor companies
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Transfers between successor companies
7Where any property, rights and liabilities transferred by the Order to a successor company (the first company) are, in pursuance of Schedule 10 to the Order, transferred to another successor company (the second company)-
(a)the preceding provisions of this Schedule shall have effect as if the transfer effected by the Order had been a transfer to the second company; and
(b)anything which, in relation to the property, rights and liabilities transferred in pursuance of that Schedule, was done by the first company for the purposes of its trade shall be deemed to have been done by the second company for the purposes of its trade.
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