788. Content of transfer schemes.

The things which may be transferred by a transfer scheme1 include2:

  1.  

    (1)     anything which the transferor3 would not otherwise be capable of transferring or assigning4;

  2.  

    (2)     anything to which the transferor may become entitled or subject after the scheme is made and before it comes into force5;

  3.  

    (3)     anything situated anywhere in the United Kingdom6 or elsewhere7;

  4.  

    (4)     anything subsisting under an enactment8;

  5.  

    (5)     anything subsisting under the law of any part of the United Kingdom or of any country or territory outside the United Kingdom9.

A scheme may divide any property, rights or liabilities of a transferor; and in