45 Transfer schemes made by Secretary of State.U.K.
(1)This section applies if—
(a)the CAA fails to submit a transfer scheme within the time specified in a direction under section 43, or
(b)the Secretary of State does not approve a transfer scheme submitted by the CAA.
(2)In such a case the Secretary of State may make a transfer scheme after consulting each person who is a transferor or a transferee.
(3)A scheme made under this section comes into force on the day it specifies for it to come into force.
(4)When the scheme comes into force it has effect to transfer (in accordance with its provisions) the property, rights and liabilities to which it applies.
(5)No scheme may be made under this section before the end of the period of three months starting with the day on which this Act is passed.
Commencement Information
I1S. 45 wholly in force at 1.2.2001, see s. 275(1)(2) and S.I. 2001/57, art. 3(1), Sch. 2 Pt. I (subject to the transitional provision and saving in Sch. 2 Pt. II)