# The Milk Marketing Board (Residuary Functions) Regulations 1994, Paragraph 1


In this Schedule a person is the transferee of another person if–
(a) by reason of that other person dying or becoming subject to some legal disability or entering into a composition or scheme of arrangement with his creditors, he has (in the capacity of a personal representative, trustee, committee or in another like capacity) acquired any of the milk producing business of that other person;
(b) if in a transaction for value or otherwise he has acquired any of the milk producing business of that other person, whether he is connected with that other person or not.

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Source: https://www.legislation.gov.uk/uksi/1994/2759/schedule/2/part/III/paragraph/1 (the official version)
Page: https://openlegislation.uk/milk-marketing-board-residuary-functions-regulations-1994/schedule-2/part-III/paragraph-1
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.