Paragraph 3 Transfer of property, rights and liabilitiesI1

England, Wales and Scotland

(1)

The transfer of designated property, rights and liabilities under a transfer scheme takes effect on the date (or dates) specified in or determined in accordance with the scheme.

(2)

Sub-paragraph (1) has effect notwithstanding any provision (whether under an enactment or agreement or otherwise) that would otherwise prevent or restrict the transfer.

(3)

The things that may be transferred under a transfer scheme include—

(a)

rights, powers, duties and liabilities under or in connection with a contract of employment (see paragraph 4);

(b)

property, rights and liabilities that could not otherwise be transferred;

(c)

property acquired, and rights and liabilities arising, after the making of the scheme;

(d)

criminal liabilities.

Annotations

Commencement

I1: Sch. 9 para. 3 in force at Royal Assent, see s. 334(2)(h)(ii)