OpenLegislation

Section 35 Transferable propertyI1

(1)

A property transfer instrument may transfer any property, rights or liabilities including, in particular—

(a)

property, rights and liabilities acquired or arising between the making of the instrument and the transfer date,

(b)

rights and liabilities arising on or after the transfer date in respect of matters occurring before that date,

(c)

property outside the United Kingdom,

(d)

rights and liabilities under the law of a country or territory outside the United Kingdom F1(including under legislation of the European Union), and

(e)

rights and liabilities under an enactment F2....

(2)

Section 32 applies for the interpretation of this section (with the necessary modification).

Annotations

Textual amendments

F1

Words in s. 35(1)(d) inserted (31.12.2020) by The Bank Recovery and Resolution and Miscellaneous Provisions (Amendment) (EU Exit) Regulations 2018 (S.I. 2018/1394), reg. 1(2), Sch. 1 para. 18(a); 2020 c. 1, Sch. 5 para. 1(1)

F2

Words in s. 35(1)(e) omitted (31.12.2020) by virtue of The Bank Recovery and Resolution and Miscellaneous Provisions (Amendment) (EU Exit) Regulations 2018 (S.I. 2018/1394), reg. 1(2), Sch. 1 para. 18(b); 2020 c. 1, Sch. 5 para. 1(1)

Commencement

I1

S. 35 in force at 21.2.2009 by S.I. 2009/296, art. 3, Sch. para. 1

Notes on Part 1

Modifications

C1

Pt. 1 restricted (7.1.2010) by Banking Act 2009 (Exclusion of Insurers) Order 2010 (S.I. 2010/35), arts. 1, 2

C2

Pt. 1: power to amend conferred (1.3.2014) by Financial Services (Banking Reform) Act 2013 (c. 33), ss. 17(3)(f), 148(5); S.I. 2014/377, art. 2(1)(b), Sch. Pt. 2

Notes on Chapter 3

Textual amendments

F1

Pt. 1 Ch. 3 formed from ss. 4-83 (1.1.2015) by The Bank Recovery and Resolution Order 2014 (S.I. 2014/3329), arts. 1(2), 7