{
  "url": "https://openlegislation.uk/companies-northern-ireland-order-1986-revoked/article-175",
  "json_url": "https://openlegislation.uk/companies-northern-ireland-order-1986-revoked/article-175.json",
  "legislation": "nisi/1986/1032",
  "legislation_title": "The Companies (Northern Ireland) Order 1986 (revoked)",
  "legislation_url": "https://openlegislation.uk/companies-northern-ireland-order-1986-revoked",
  "path": "article/175",
  "kind": "article",
  "number": "175",
  "heading": "Authority for contingent purchase contract",
  "text": "(1) A contingent purchase contract is a contract entered into by a company and relating to any of its shares—\n(a) which does not amount to a contract to purchase those shares, but\n(b) under which the company may (subject to any conditions) become entitled or obliged to purchase those shares.\n(2) A company may only make a purchase of its own shares in pursuance of a contingent purchase contract if the contract is approved in advance by a special resolution of the company before the contract is entered into; and paragraphs (3) to (7) of Article 174 apply to the contract and its terms.",
  "extent": "N.I.",
  "status": null,
  "version": "current",
  "annotations": [
    {
      "type": "F",
      "label": "F1",
      "text": "mod. by 1989 NI 19"
    }
  ],
  "outstanding_effects": [],
  "provenance": {
    "source": "legislation.gov.uk",
    "source_url": "https://www.legislation.gov.uk/nisi/1986/1032/article/175",
    "retrieved_at": "2026-10-29T04:48:35.100869+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."
}