SCHEDULES
SCHEDULE 12Transfer schemes
Part 4General provisions about transfer schemes
Creation by a scheme of interests, rights and liabilities
6
1
A scheme may contain—
a
provision for the creation, in favour of the transferor, of—
i
an interest in, or
ii
a right in relation to,
property whose transfer is provided for by the scheme,
b
provision for the creation, in favour of a transferee, of—
i
an interest in, or
ii
a right in relation to,
property retained by the transferor,
c
provision for the creation, in favour of a transferee, of—
i
an interest in, or
ii
a right in relation to,
property whose transfer to another person is provided for by the scheme,
d
provision for the creation of rights and liabilities as between the transferor and a transferee, and
e
provision for the creation of rights and liabilities as between different transferees.
2
A scheme may contain provision about enforcement, by or against any one or more of the transferor and the transferee or transferees, of a right or liability whose transfer or creation is provided for by the scheme.