Section 40 Incidental provisionI1
A property transfer instrument may include incidental, consequential or transitional provision.
In relying on subsection (1) an instrument—
may make provision generally or only for specified purposes, cases or circumstances, and
may make different provision for different purposes, cases or circumstances.
Annotations
Commencement
- I1
S. 40 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