PART 2TRANSFER AND REGISTRATION OF SHARES AND EXTINGUISHMENT OF RIGHTS ETC
Transfers2
1
By virtue of this Order, the shares in Northern Rock are transferred to the Treasury Solicitor as nominee of the Treasury.
2
The transfer of shares effected under paragraph (1) shall vest title in the Treasury Solicitor—
a
free from all trusts, liabilities and incumbrances; and
b
together with all rights, benefits or privileges which attach or accrue to or arise from such shares on or after the effective time.
3
The transfer under paragraph (1) takes place at the effective time.