Section 432 | Meaning of “the transferee” and “transferor”

(1)In this Chapter, “the transferee” means—

(a)in relation to a merger within section 431(3)(a), the SE,

(b)in relation to a merger within section 431(3)(b), the SCE, and

(c)in relation to a merger within section 431(3)(c) or (d), the company to which assets and liabilities are transferred.

(2)In this Chapter “transferor” means—

(a)in relation to a merger within section 431(3)(a), a company merging to form the SE,

(b)in relation to a merger within section 431(3)(b), a co-operative society merging to form the SCE, and

(c)in relation to a merger within section 431(3)(c) or (d), a company transferring all its assets and liabilities.