SCHEDULES
SCHEDULE 6 Transfer schemes
Certificates
I114
1
This paragraph applies if—
a
a transfer scheme provides for the transfer of property, rights or liabilities from a transferor to a transferee, and
b
a certificate falling within sub-paragraph (2) is made jointly by or on behalf of the parties.
2
A certificate falls within this sub-paragraph if it certifies that any specified property, right or liability—
a
was intended to be, and was, vested in the transferee by virtue of the transfer, and
b
has not been the subject of an agreement under paragraph 11.
3
The certificate is to be conclusive evidence for all purposes of the facts it certifies.
4
The reference in sub-paragraph (2) to property includes a reference to an interest in or right over property.
5
Sub-paragraph (6) applies if—
a
one of the parties requests the other to join in the preparation of a certificate, and
b
they fail to agree the terms of a certificate within the period of one month starting with the day of the request.
6
The parties must—
a
refer the matter to the Secretary of State, and
b
issue a certificate in such terms as may be specified in a direction given by him.
7
The parties are the transferor and the transferee.