SCHEDULES

SCHEDULE 12 Transport for London transfer schemes

Definition of the property, rights and liabilities transferred

4

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

a

by specifying or describing them;

b

by referring to all (or all except anything specified or described) 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.