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.