{
  "url": "https://openlegislation.uk/british-aerospace-act-1980",
  "json_url": "https://openlegislation.uk/british-aerospace-act-1980.json",
  "id": "ukpga/1980/26",
  "title": "British Aerospace Act 1980",
  "short_title": "British Aerospace Act 1980",
  "long_title": "An Act to provide for the vesting of all the property, rights, liabilities and obligations of British Aerospace in a company nominated by the Secretary of State and the subsequent dissolution of British Aerospace; and to make provision with respect to the finances of that company.",
  "citation": "1980 c. 26",
  "type": "ukpga",
  "year": "1980",
  "number": "26",
  "version": "current",
  "date": "1980-05-01",
  "revised": true,
  "valid_from": "2013-03-22",
  "extent": "E+W+S+N.I.",
  "unapplied_effects": 0,
  "provisions": [
    {
      "path": "introduction",
      "kind": "introduction",
      "number": null,
      "heading": "Introductory text",
      "url": "https://openlegislation.uk/british-aerospace-act-1980/introduction",
      "extent": null,
      "status": null,
      "parent": null
    },
    {
      "path": "crossheading/vesting-of-property-etc-of-british-aerospace-in-a-company-nominated-by-the-secretary-of-state",
      "kind": "crossheading",
      "number": null,
      "heading": "Vesting of property, etc., of British Aerospace in a company nominated by the Secretary of State",
      "url": null,
      "extent": null,
      "status": null,
      "parent": null
    },
    {
      "path": "section/1",
      "kind": "section",
      "number": "1",
      "heading": "Vesting of property, etc., of British Aerospace in a company nominated by the Secretary of State.",
      "url": "https://openlegislation.uk/british-aerospace-act-1980/section-1",
      "extent": null,
      "status": null,
      "parent": "crossheading/vesting-of-property-etc-of-british-aerospace-in-a-company-nominated-by-the-secretary-of-state"
    },
    {
      "path": "section/2",
      "kind": "section",
      "number": "2",
      "heading": "Cancellation of certain Government investment in British Aerospace.",
      "url": "https://openlegislation.uk/british-aerospace-act-1980/section-2",
      "extent": null,
      "status": "repealed",
      "parent": "crossheading/vesting-of-property-etc-of-british-aerospace-in-a-company-nominated-by-the-secretary-of-state"
    },
    {
      "path": "section/3",
      "kind": "section",
      "number": "3",
      "heading": "Initial Government shareholding in the successor company.",
      "url": "https://openlegislation.uk/british-aerospace-act-1980/section-3",
      "extent": null,
      "status": "repealed",
      "parent": "crossheading/vesting-of-property-etc-of-british-aerospace-in-a-company-nominated-by-the-secretary-of-state"
    },
    {
      "path": "section/4",
      "kind": "section",
      "number": "4",
      "heading": "Financial structure of the successor company and its subsidiaries.",
      "url": "https://openlegislation.uk/british-aerospace-act-1980/section-4",
      "extent": null,
      "status": null,
      "parent": "crossheading/vesting-of-property-etc-of-british-aerospace-in-a-company-nominated-by-the-secretary-of-state"
    },
    {
      "path": "section/5",
      "kind": "section",
      "number": "5",
      "heading": "Government investment in shares and securities of the successor company.",
      "url": "https://openlegislation.uk/british-aerospace-act-1980/section-5",
      "extent": null,
      "status": "repealed",
      "parent": "crossheading/vesting-of-property-etc-of-british-aerospace-in-a-company-nominated-by-the-secretary-of-state"
    },
    {
      "path": "section/6",
      "kind": "section",
      "number": "6",
      "heading": "Exercise of Secretary of State’s functions under sections 3 and 5 through nominees.",
      "url": "https://openlegislation.uk/british-aerospace-act-1980/section-6",
      "extent": null,
      "status": "repealed",
      "parent": "crossheading/vesting-of-property-etc-of-british-aerospace-in-a-company-nominated-by-the-secretary-of-state"
    },
    {
      "path": "section/7",
      "kind": "section",
      "number": "7",
      "heading": "Target investment limit for Government shareholding under sections 3 and 5.",
      "url": "https://openlegislation.uk/british-aerospace-act-1980/section-7",
      "extent": null,
      "status": "repealed",
      "parent": "crossheading/vesting-of-property-etc-of-british-aerospace-in-a-company-nominated-by-the-secretary-of-state"
    },
    {
      "path": "section/8",
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      "number": "8",
      "heading": "Liability of the successor company for defaulting subsidiary where cause of action arose before appointed day.",
      "url": "https://openlegislation.uk/british-aerospace-act-1980/section-8",
      "extent": null,
      "status": "repealed",
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    },
    {
      "path": "section/9",
      "kind": "section",
      "number": "9",
      "heading": "Liability of Secretary of State in respect of obligations vesting in the successor company by virtue of section 1, etc.",
      "url": "https://openlegislation.uk/british-aerospace-act-1980/section-9",
      "extent": null,
      "status": null,
      "parent": "crossheading/vesting-of-property-etc-of-british-aerospace-in-a-company-nominated-by-the-secretary-of-state"
    },
    {
      "path": "section/10",
      "kind": "section",
      "number": "10",
      "heading": "Dissolution of British Aerospace and transitional provisions.",
      "url": "https://openlegislation.uk/british-aerospace-act-1980/section-10",
      "extent": null,
      "status": "repealed",
      "parent": "crossheading/vesting-of-property-etc-of-british-aerospace-in-a-company-nominated-by-the-secretary-of-state"
    },
    {
      "path": "crossheading/miscellaneous-and-supplemental",
      "kind": "crossheading",
      "number": null,
      "heading": "Miscellaneous and supplemental",
      "url": null,
      "extent": null,
      "status": null,
      "parent": null
    },
    {
      "path": "section/11",
      "kind": "section",
      "number": "11",
      "heading": "Application of Trustee Investments Act 1961 in relation to investment in the successor company.",
      "url": "https://openlegislation.uk/british-aerospace-act-1980/section-11",
      "extent": null,
      "status": "repealed",
      "parent": "crossheading/miscellaneous-and-supplemental"
    },
    {
      "path": "section/12",
      "kind": "section",
      "number": "12",
      "heading": "Corporation tax and development land tax.",
      "url": "https://openlegislation.uk/british-aerospace-act-1980/section-12",
      "extent": "E+W+S+N.I.",
      "status": null,
      "parent": "crossheading/miscellaneous-and-supplemental"
    },
    {
      "path": "section/13",
      "kind": "section",
      "number": "13",
      "heading": "Administrative expenses.",
      "url": "https://openlegislation.uk/british-aerospace-act-1980/section-13",
      "extent": null,
      "status": null,
      "parent": "crossheading/miscellaneous-and-supplemental"
    },
    {
      "path": "section/14",
      "kind": "section",
      "number": "14",
      "heading": "Interpretation.",
      "url": "https://openlegislation.uk/british-aerospace-act-1980/section-14",
      "extent": null,
      "status": null,
      "parent": "crossheading/miscellaneous-and-supplemental"
    },
    {
      "path": "section/15",
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      "number": "15",
      "heading": "Citation, repeals and extent.",
      "url": "https://openlegislation.uk/british-aerospace-act-1980/section-15",
      "extent": null,
      "status": null,
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    },
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      "path": "schedule/1",
      "kind": "schedule",
      "number": "1",
      "heading": "Effect of Section 1 in Certain Cases",
      "url": null,
      "extent": null,
      "status": null,
      "parent": null
    },
    {
      "path": "schedule/1/crossheading/modification-of-agreements",
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      "number": null,
      "heading": "Modification of agreements",
      "url": null,
      "extent": null,
      "status": null,
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    },
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      "path": "schedule/1/paragraph/1",
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    },
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      "heading": "Contracts of employment and pensions",
      "url": null,
      "extent": null,
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    },
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      "path": "schedule/1/paragraph/2",
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      "heading": "Regional development grants",
      "url": null,
      "extent": null,
      "status": null,
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      "path": "schedule/2",
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      "heading": "Transitional Provisions",
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  "outstanding_effects": [],
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  "provenance": {
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    "source_url": "https://www.legislation.gov.uk/ukpga/1980/26",
    "retrieved_at": "2026-10-29T10:16:04.971757+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."
}