Section 801 Order for sale of sharesI1

(1)

The court may order that the shares subject to restrictions be sold, subject to the court's approval as to the sale.

(2)

An application for an order under subsection (1) may only be made by the company.

(3)

Where the court has made an order under this section, it may make such further order relating to the sale or transfer of the shares as it thinks fit.

(4)

An application for an order under subsection (3) may be made—

(a)

by the company,

(b)

by the person appointed by or in pursuance of the order to effect the sale, or

(c)

by any person interested in the shares.

(5)

On making an order under subsection (1) or (3) the court may order that the applicant's costs (in Scotland, expenses) be paid out of the proceeds of sale.

Annotations

Commencement

I1: S. 801 wholly in force at 20.1.2007, see s. 1300 and S.I. 2006/3428, art. 3(1)(d) (subject to art. 5, Sch. 1 and with arts. 6, 8, Sch. 5)

Notes on Part 22

Modifications

C1: Pts. 1-39 modified (31.12.2020) by Regulation (EC) No. 2157/2001, Art. AAA1(3) (as inserted by The European Public Limited-Liability Company (Amendment etc.) (EU Exit) Regulations 2018 (S.I. 2018/1298), regs. 1, 97 (with regs. 140-145) (as amended by S.I. 2020/523, regs. 1(2), 5(a)-(f)); 2020 c. 1, Sch. 5 para. 1(1))
C2: Pts. 1-39 (except for Pt. 7 and ss. 662-669), 45-47 extended (12.5.2011) by The Companies Act 2006 (Consequential Amendments and Transitional Provisions) Order 2011 (S.I. 2011/1265), art. 5(1), Sch. 1 para. 2