# Local Government Act 2003, Paragraph 2


A transfer scheme may define the property, rights and liabilities to be transferred by specifying or describing them or by referring to all of the property, rights and liabilities comprised in a specified part of the undertaking of the transferor (or partly in one way and partly in the other).

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Source: https://www.legislation.gov.uk/ukpga/2003/26/schedule/5/paragraph/2 (the official version)
Page: https://openlegislation.uk/local-government-act-2003/schedule-5/paragraph-2
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.