{
  "url": "https://openlegislation.uk/agriculture-act-1993/schedule-2/paragraph-47",
  "json_url": "https://openlegislation.uk/agriculture-act-1993/schedule-2/paragraph-47.json",
  "legislation": "ukpga/1993/37",
  "legislation_title": "Agriculture Act 1993",
  "legislation_url": "https://openlegislation.uk/agriculture-act-1993",
  "path": "schedule/2/paragraph/47",
  "kind": "paragraph",
  "number": "47",
  "heading": null,
  "text": "(1) Where an approved scheme provides for rights and liabilities of a lessee under a qualifying agreement to be transferred to a company on a day earlier than the vesting day under the scheme, the provision shall have effect by virtue of this paragraph if, immediately before the day of the transfer, the company is a qualifying transferee.\n(2) In sub-paragraph (1) above, “qualifying agreement” means an agreement under which moveable property is leased to the board to which the scheme relates or to a subsidiary of that board.\n(3) For the purposes of sub-paragraph (1) above, a company is a qualifying transferee if it is—\n(a) a company in relation to which the scheme provides for the taking of steps with a view to securing its quotation on the Stock Exchange,\n(b) a subsidiary of a company falling within paragraph (a) above, or\n(c) a company which, if the scheme is carried out, will become a subsidiary of a company falling within paragraph (a) above before that company is quoted on the Stock Exchange.",
  "extent": null,
  "status": null,
  "version": "current",
  "annotations": [],
  "outstanding_effects": [],
  "provenance": {
    "source": "legislation.gov.uk",
    "source_url": "https://www.legislation.gov.uk/ukpga/1993/37/schedule/2/paragraph/47",
    "retrieved_at": "2026-10-29T09:34:52.850394+00:00"
  },
  "licence": "Open Government Licence v3.0",
  "licence_url": "https://www.nationalarchives.gov.uk/doc/open-government-licence/version/3/",
  "attribution": "Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives."
}