# Baird Trust Reorganisation Act 2005, Section 1: Transfer of property, rights, interests and liabilities


(1) The property, rights, interests and liabilities to which the transferor is entitled or subject are transferred to the transferee.
(2) Subsection (1) has effect in relation to property, rights, interests and liabilities to which it applies despite any provision (of whatever nature) which would otherwise prevent, penalise or restrict the transfer of the property, rights, interests or liabilities.
(3) Subsection (1) is subject to section 2.

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Source: https://www.legislation.gov.uk/asp/2005/11/section/1 (the official version)
Page: https://openlegislation.uk/baird-trust-reorganisation-act-2005/section-1
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.