- Latest available (Revised)
- Original (As made)
This is the original version (as it was originally made).
7.—(1) The scheme must, in relation to each transfer for the purposes of the reorganisation of property, rights or liabilities of the Board, or of a subsidiary of the Board, specify (either individually or by reference to membership of a class) to whom the transfer is to be made.
(2) The scheme must not provide for the transfer of property, rights or liabilities of the Board, or of a subsidiary of the Board, to anyone who is not an eligible transferee.
(3) For the purposes of sub-paragraph (2), the following are eligible transferees—
(a)in relation to property, rights and liabilities of the Board, any body falling within Article 14(4)(a), (b) or (c);
(b)in relation to property, rights and liabilities of a subsidiary of the Board—
(i)any body falling within Article 14(4)(a), (b) or (c); and
(ii)the Board;
(c)in relation to property and rights of the Board, or of a subsidiary of the Board, persons who are, or have been, registered producers.
Latest Available (revised):The latest available updated version of the legislation incorporating changes made by subsequent legislation and applied by our editorial team. Changes we have not yet applied to the text, can be found in the ‘Changes to Legislation’ area.
Original (As Enacted or Made): The original version of the legislation as it stood when it was enacted or made. No changes have been applied to the text.
Access essential accompanying documents and information for this legislation item from this tab. Dependent on the legislation item being viewed this may include: