SCHEDULES

SCHEDULE 21Transfer schemes by SRA

Contents of transfer scheme

5

A transfer scheme may contain provision—

a

for the creation, in relation to property which the scheme transfers, of an interest in or right over the property in favour of the transferor,

b

for the creation in favour of the transferee of an interest in or right over property retained by the transferor,

c

for the creation of rights and liabilities as between the transferor and transferee,

d

for any rights or liabilities specified or described in the scheme to be, or to be to any extent, enforceable by or against the transferor or transferee (or both), and

e

for imposing on the transferor or transferee an obligation to enter into such written agreements with, or execute such other instruments in favour of, the transferor or transferee or such other person as may be specified in the scheme.