4EMerger vesting of property

4E Merger vesting of property (1) This section prescribes circumstances in which there is a merger vesting of property. (2) A merger of 2 or more relevant entities (the merging entities) in circumstances where another relevant entity (entity A) results as a consequence of the merger is taken to be a merger vesting of all of the property of the merging entities in entity A. (3) A merger of 2 or more relevant entities (the merging entities) with and into each other in circumstances where each of the merging entities continues in existence is taken to be a merger vesting in the merging entities, jointly, of 50% (in value) of all of the property of the merging entities. (4) The merger of 1 or more relevant entities (the merging entity or entities) with and into another entity (entity B) in any other circumstances is taken to be a merger vesting of all of the property of the merging entity or entities in entity B. relevant entity means a company or unit trust scheme.