# International Development Act 2002, Section 6: Financial assistance

Extent: E+W+S+N.I.

(1) Financial assistance may be provided under this Act—
(a) by way of grant or loan,
(b) in the form of a guarantee, or
(c) by the Minister acquiring securities of a company.
(2) More than one form of financial assistance may be provided in any case.
(3) In this section—
“company” includes any body corporate, wherever registered; and
“securities”, in relation to a company, means shares (including stock), debentures, bonds and other securities, whether constituting a charge on the assets of the company or not.
(4) This section is subject to section 7(3) (Treasury approval required for certain financial assistance).
(5) In a case where securities of a company are acquired by the Treasury, the securities are to be treated as held by the persons for the time being constituting the Treasury.

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Source: https://www.legislation.gov.uk/ukpga/2002/1/section/6 (the official version)
Page: https://openlegislation.uk/international-development-act-2002/section-6
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.