The Scottish Football League announced that agreement had been reached following weeks of discussions, releasing a statement on behalf of the three football authorities while the Ibrox club also announced they had signed an agreement.
The SFL, SFA and Scottish Premier League statement read: "We are pleased to confirm that agreement has been reached on all outstanding points relating to the transfer of the Scottish FA membership between Rangers FC (In Administration), and Sevco Scotland Ltd, who will be the new owners of The Rangers Football Club.
"A conditional membership will be issued to Sevco Scotland Ltd today, allowing Sunday's Ramsdens Cup tie against Brechin City to go ahead.
"Following the completion of all legal documentation, the Scottish Premier League will conduct the formal transfer of the league share between RFC (IA) and Dundee FC on no later than Friday 3rd August 2012. At this point, the transfer of Scottish FA membership will be complete."
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