# Food Act 1984, Section 51: Power to sell to local authority.

Extent: E+W

(1) The owner of a market undertaking, or of any rights in respect of a market and of tolls, whether established under, or enjoyed by virtue of, statutory powers or not, may sell or lease to a local authority the whole or any part of his market undertaking or rights, but subject to all attached liabilities.
(2) A sale by a . . . company under this section must be authorised—
(a) if the company is a company within the meaning of the Companies Act 1985, by special resolution;
(b) if the company is not such a company, by a resolution passed by three-fourths in number and value of the members present, either personally or by proxy, at a meeting specially convened for the purpose with notice of the business to be transacted.

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Source: https://www.legislation.gov.uk/ukpga/1984/30/section/51 (the official version)
Page: https://openlegislation.uk/food-act-1984/section-51
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.