(1) A property transfer instrument is an instrument which -
(a) provides for property, rights or liabilities of a specified bank to be transferred;
(b) makes other provision for the purposes of, or in connection with, the transfer of property, rights or liabilities of a specified bank (whether the transfer has been or is to be effected by that instrument, by another property transfer instrument or otherwise).
(2) A property transfer instrument may relate to -
(a) all property, rights and liabilities of the specified bank,
(b) all its property, rights and liabilities subject to specified exceptions,
(c) specified property, rights or liabilities, or
(d) property, rights or liabilities of a specified description.
(3) In this section references to a bank include a resolution company (whether or not it is a bank).