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SCHEDULES

Valid from 01/09/2004

SCHEDULE 18E+W+SProperty arrangements schemes

Effect of property arrangements schemeE+W+S

8E+W+SA property arrangements scheme shall, by virtue of this paragraph, have effect according to its terms.

9(1)A transaction of any description effected by or under a property arrangements scheme shall have effect subject to the provisions of any enactment which provides for transactions of that description to be registered in any statutory register.E+W+S

(2)Subject to sub-paragraph (1), a transaction of any description effected by or under a property arrangements scheme shall be binding on all persons, notwithstanding that it would, apart from this provision, have required the consent or concurrence of any person.