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Paragraph 2

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

(1)

A reference to an interest in shares includes any interest of any kind whatsoever in shares.

(2)

Any restraints or restrictions to which the exercise of any right attached to the interest is or may be subject shall be disregarded.

(3)

It is immaterial that the shares in which a person has an interest are not identifiable.

(4)

Persons having a joint interest in shares are deemed each of them to have that interest.

Notes on Schedule 1

Modifications

C1

Sch. 1 applied (N.I.) (18.2.2011 for certain purposes, otherwise prosp.) by Charities Act (Northern Ireland) 2008 (c. 12), ss. 57(2), 185, Sch. 5 para. 4(2); S.R. 2011/11, art. 2, Sch.

C2

Sch. 1 applied (E.W.) (14.3.2012) by Charities Act 2011 (c. 25), ss. 352(2), 355 (with s. 20(2), Sch. 8)