139Transfer on death of sole contract-holderE+W
This section has no associated Explanatory Notes
(1)A fixed term standard contract may provide that on the death of a sole contract-holder, the contract may be transferred in the course of the administration of the contract-holder's estate.
(2)Section 73 (right to succeed) does not apply to a fixed term standard contract that contains such provision.
(3)Section 155 (termination of contract on death) is not incorporated as a term of a fixed term standard contract that contains such provision.
Commencement Information
I1S. 139 in force at 1.12.2022 by S.I. 2022/906, art. 2