Creation and apportionment of property, rights and liabilities etc.
This section has no associated Explanatory Notes
1A scheme may—
(a)create for the transferor interests in, or rights over, property transferred by virtue of the scheme,
(b)create for a transferee interests in, or rights over, property retained by the transferor or transferred to another transferee,
(c)create rights or liabilities between the transferor and a transferee or between transferees.