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Version status: Ceased | Document consolidation status: Updated to reflect all known changes
Version date: 31 December 2014 - onwards
  Version 3 of 3    

37. Content of transfer order.

Ceased from 31 December 2014

(1) A transfer order shall specify the following:

(a) the name of the transferee;

(b) any term or condition imposed on the transfer, or to which the transfer is subject;

(c) the assets and liabilities or the classes or kinds of assets and liabilities to be transferred,

(d) any consideration to be paid by the transferee, or a means of determining that consideration.

(2) For the purposes of paragraph (1)(c), a class or kind may be specified by means of any common characteristic of the class or kind.

(3) For the purposes of paragraph (1)(d), a transfer order may specify that a named person or a person in a class of persons is to determine the consideration.

(4) A transfer order shall not name a person as transferee unless that person has agreed to accept the transfer on the terms set out in the order.

(5) [deleted]

(6) A transfer order may relate to the transfer of -

(a) all or any specified part of the assets of the transferor,

(b) all, or any specified part of the liabilities of th

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