SCHEDULES

SCHEDULE 2 Provisions relating to transfer schemes

Effect of transfer scheme
8. (1) At the time appointed for the purpose by a transfer scheme—
(a) property, rights and liabilities for whose transfer the scheme provides, and
(b) interests, rights and liabilities for whose creation the scheme provides,
are, by virtue of this sub-paragraph, transferred or (as the case may be) created in accordance with the scheme.
(2) A scheme may appoint different times for the transfer or creation of different things.