Schedule 7, paragraph 2(4)

An order under this section may provide for the transfer of staff of the old Administrator, and of any property, rights or liabilities to which the old Administrator is entitled or subject, to the new Administrator and may, in particular— provide for the transfer of any property, rights or liabilities to have effect subject to exceptions or reservations specified in or determined under the order; provide for the creation of interests in, or rights over, property transferred or retained or for the creation of new rights and liabilities; provide for the order to have effect in spite of anything that would prevent or restrict the transfer of the property, rights or liabilities otherwise than by the order.

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Source: legislation.gov.uk · retrieved 2026-07-30