SCHEDULES

SCHEDULE 2 Transfers of property etc: supplemental provisions

Part II Transfer schemes

Description of the property etc. to be transferred by scheme

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A transfer scheme may define the property, rights and liabilities to be transferred by the scheme—

(a)

by specifying or describing the property, rights and liabilities in question;

(b)

by referring to all (or all but so much as may be excepted) of the property, rights and liabilities comprised in a specified part of the undertaking of the transferor; or

(c)

partly in the one way and partly in the other.