46Transfer schemesU.K.
This section has no associated Explanatory Notes
(1)The Secretary of State may make schemes for the transfer of property, rights and liabilities—
(a)from High Speed Two (HS2) Limited, or
(b)from a body corporate which is a wholly-owned subsidiary of High Speed Two (HS2) Limited,
to any person, including the Secretary of State.
(2)In subsection (1), “"wholly-owned subsidiary”” has the meaning given by section 1159 of the Companies Act 2006.
(3)Schedule 31 contains further provision about schemes made under this section.