SCHEDULE 11 continued
after that transfer, is enforceable in relation to the interest or right
only in so far as the scheme contains provision for the interest or
right to be transferred subject to whatever confers the entitlement.
Where shares in a subsidiary of the old company are transferred, sub-
paragraph (2) has effect in relation to an interest or right of the subsidiary as
if the references to the transfer of the interest or right included a reference to
the transfer of the shares.
12 (1) A postal transfer scheme may—