(1) An instrument that
provides for arrangements between different parts of the transferor’s
business or undertaking may be specified in a transfer order as if it created
contractual rights and liabilities.
(2) An instrument
specified as described in subsection (1) is to be regarded as if its
provisions were contractual provisions between different legal entities.
(3) A contractual
right or liability that is to be regarded as arising because of
subsection (2) is transferable under this Division.