Where any property, rights or liabilities are transferred under a transfer scheme1 to a transferee2 which at the time of the transfer is:
(1) a company3 which is wholly owned by the Crown4;
(2) a company which is wholly owned by the Civil Aviation Authority ('CAA')5; or
(3) a company which is a wholly owned subsidiary6 of a company falling within head (1) or head (2) above7,
then with the Treasury's8 approval the Secretary of State9 may make grants towards the transferee's expenditure, if when the grants are made, it is a company falling within heads (1) to (3) above
**Trials are provided to all LexisPSL and LexisLibrary content, excluding Practice Compliance, Practice Management and Risk and Compliance, subscription packages are tailored to your specific needs. To discuss trialling these LexisPSL services please email customer service via our online form. Free trials are only available to individuals based in the UK. We may terminate this trial at any time or decide not to give a trial, for any reason. Trial includes one question to LexisAsk during the length of the trial.
To view the latest version of this document and millions of others like it, sign-in to LexisLibrary or register for a free trial.
EXISTING USER? SIGN IN
TAKE A FREE TRIAL
0330 161 1234