Paragraph 6

(1)

Where two or more transfers are effected in pursuance of a transfer scheme, a certificate issued by either or any of the transferees (“transferee A”) with the concurrence of the other or others of them that—

(a)

any property specified in the certificate;

(b)

any such interest in or right over any such property as may be so specified; or

(c)

any right or liability so specified,

is by virtue of this Act for the time being vested in transferee A shall be conclusive evidence for all purposes of that fact, and shall constitute a link of title for the purposes of section 5(1) of the M1Conveyancing (Scotland) Act 1924 (deduction of title).

(2)

If, on the expiration of one month after a request from either or any of the transferees (“transferee A”) for the other or one of the others of them (“transferee B”) to concur in the issue of such a certificate, transferee B has failed so to concur—

(a)

transferee A may refer the matter to the Secretary of State; and

(b)

the Secretary of State may direct transferee B to concur in the issue of a certificate prepared in such terms as are specified in the direction.

Annotations

Marginal citations

M1: 1924 c. 27.

Notes on Schedule 10

Modifications

C1: Sch. 10 applied (with modifications) (8.11.1995) by 1995 c. 25, ss. 17(1), 18(2)(c), Sch. 5 Pt. I paras. 1, 7(1)
C2: Sch. 10 applied (with modifications) (16.5.2001) by 2000 c. 27, s. 108, Sch. 7 para. 7; S.I. 2001/1781, art. 2, Sch. (subject to transitional provisions in arts. 3-10)