Paragraph 1 Application and commencement of schemeI1

United Kingdom

(1)

A scheme may set out the property, rights and liabilities to be transferred in one or more of the following ways—

(a)

by specifying or describing them in particular;

(b)

by identifying them generally by reference to, or to a specified part of, an undertaking from which they are to be transferred; or

(c)

by specifying the manner in which they are to be determined.

(2)

A scheme comes into force on the date appointed by the scheme.

Annotations