OpenLegislation

Paragraph 7 C1

England, Wales and Scotland

(1)

Rights held by a person as nominee for another shall be treated as held by the other.

(2)

Rights shall be regarded as held as nominee for another if they are exercisable only on his instructions or with his consent or concurrence.

Annotations

Modifications

C1

Sch. 10A paras. 5–11 applied by Companies Act 1989 (c. 40, SIF 27), ss. 30(5), 213(2), Sch. 11 para. 5(6)

Notes on Schedule 10A

Textual amendments

F1

Sch. 10A repealed (6.4.2008) by Companies Act 2006 (c. 46), ss. 1295, 1300, Sch. 16; S.I. 2007/3495, art. 8(a), Sch. 2 Pt. 1 (with arts. 7, 12)

Notes on Rights held by one person on behalf of another

Textual amendments

F1

Sch. 10A added by Companies Act 1989 (c. 40, SIF 27), ss. 21(2), 213(2), Sch. 9 (subject to the transitional and saving provisions mentioned in S.I. 1990/355, arts. 6–9)