13(1)A postal transfer scheme may provide, in relation to transfers in accordance with the scheme—U.K.
(a)for a new company to be treated as the same person in law as the old company,
(b)for agreements made, transactions effected or other things done by or in relation to the old company to be treated, so far as may be necessary for the purposes of or in connection with the transfers, as made, effected or done by or in relation to a new company,
(c)for references in any document to the old company, or to an employee or office holder of it, to have effect, so far as may be necessary for the purposes of or in connection with any of the transfers, with such modifications as are specified in the scheme, and
(d)for proceedings commenced by or against the old company to be continued by or against a new company.
(2)In sub-paragraph (1)(c) “document” includes an agreement or instrument, but does not include an enactment.
Commencement Information
I1Sch. 11 para. 13 in force at 1.10.2011 by S.I. 2011/2329, art. 3