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Paragraph 1 Land Compensation Act 1973 (c. 26)

Not yet in force

Changes not yet applied. Later legislation changes this provision in ways not yet written into the text below:

(1)

Section 12A of the Land Compensation Act 1973 (tenants participating in collective enfranchisement or entitled to individual lease extension) is amended as follows.

(2)

In subsection (2)(b)—

(a)

in sub-paragraph (i), for “participating tenant in relation to” substitute “ participating member of a RTE company which is making ”, and

(b)

in sub-paragraph (ii), for the words from “one” to “made” substitute “ a member of a RTE company which has made an acquisition ”.

(3)

In subsection (4), for “nominee purchaser” substitute “ RTE company ”.

(4)

In subsection (9), for paragraph (b) substitute—

“(b)

“participating member” and “RTE company” have the same meanings as in Chapter 1 of Part 1 of that Act; and

(c)

the reference to the making of an acquisition by a RTE company shall be construed in accordance with section 38(2) of that Act.”