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Regulation 10 Requirements as to nationality etc.

Original text. Later amendments are not shown.

(1)

Resale right may be exercised in respect of a sale only by a person who, at the contract date, is—

(a)

a qualifying individual; or

(b)

a qualifying body.

(2)

Resale right may be transmitted under regulation 9 only by a person who, at the time of his death, is a qualifying individual.

(3)

A qualifying individual is a natural person who is—

(a)

a national of an EEA state; or

(b)

a national of a country listed in Schedule 2.

(4)

Nothing in this regulation prevents a resale right from being exercised after it has been transmitted as bona vacantia.

(5)

Resale right may vest by operation of law in—

(a)

a personal representative of a deceased person; or

(b)

an official receiver (or, in Northern Ireland, the Official Receiver for Northern Ireland) or a trustee in bankruptcy,

and nothing in this regulation prevents a resale right from being exercised by any person acting in that capacity.