The Secretary of State may make schemes for the transfer of property, rights and liabilities—
from High Speed Two (HS2) Limited, or
from a body corporate which is a wholly-owned subsidiary of High Speed Two (HS2) Limited,
to any person, including the Secretary of State.
In subsection (1), ""wholly-owned subsidiary"" has the meaning given by section 1159 of the Companies Act 2006.
Schedule 31 contains further provision about schemes made under this section.