SCHEDULES
SCHEDULE 25 Transfer of BR’s property etc. to Secretary of State
Contents of transfer scheme
I14
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 Board,
b
for the creation in favour of the Secretary of State of an interest in or right over, property retained by the Board,
c
for the creation of rights and liabilities as between the Secretary of State and the Board, or
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 Secretary of State.