2(1)The property, rights and liabilities that may be transferred by a transfer scheme include property, rights and liabilities that would not otherwise be capable of being transferred or assigned.U.K.
(2)The transfers authorised by sub-paragraph (1) include transfers of interests and rights that are to take effect in accordance with the scheme as if there were—
(a)no such requirement to obtain a person's consent or concurrence,
(b)no such liability in respect of a contravention of any other requirement, and
(c)no such interference with any interest or right,
as there would otherwise be by reason of a provision within sub-paragraph (3).
(3)A provision is within this sub-paragraph to the extent that it has effect (whether under an enactment or agreement or otherwise) in relation to the terms on which the transferor is entitled or subject to anything to which the transfer relates.
Commencement Information
I1Sch. 4 para. 2 in force at 21.12.2007 by S.I. 2007/3546, art. 3, Sch.