SCHEDULES

SCHEDULE 1 Qualifying scheme of reorganisation

Transfer of board’s undertaking

11

The scheme must make provision for the transfer under section 11 above of all the property, rights and liabilities to which the board is entitled or subject on the vesting day, other than—

a

any property or rights to be transferred to persons by reference to their being, or having been, registered producers,

b

any liabilities to be retained by the board,

c

any property or rights to be retained by the board for the purpose of meeting retained liabilities or otherwise in connection with the carrying out by it of functions after the transfer under that section, and

d

any property or rights whose transfer would involve a breach by the board of the restriction imposed by section 47(2) of the M1Agricultural Marketing Act 1958 (restriction on disclosure of information obtained under the Act).