OpenLegislation

Paragraph 25 I1

Scotland Not yet in force

In respect of any securities of a company which are comprised in the factory estate, to concur, as if the judicial factor was entitled to the securities beneficially, in any scheme or arrangement for—

(a)

the reconstruction of the company,

(b)

the sale of the property and undertaking of the company, or any part of that property and undertaking, to another company,

(c)

the acquisition of the securities of the company, or of control of those securities, by another company,

(d)

the amalgamation of the company with another company, or

(e)

the release, modification or variation of any rights, privileges or liabilities attached to the securities or any of the securities.

Annotations

Commencement

I1

Sch. 1 para. 25 not in force at Royal Assent, see s. 54(2)