Paragraph 28 I1
Scotland Not yet in force
To such extent as the judicial factor considers appropriate—
to exercise any conditional or preferential right to subscribe for any securities in a company,
to apply capital of the factory estate in payment of the consideration for such subscription,
to retain the securities for any period for which the judicial factor has power to retain the holding in respect of which the right to subscribe was offered (but subject to any conditions subject to which the judicial factor has that power),
to renounce any such conditional or preferential right, or
to assign to any person (including any person with an interest in the factory estate), for the best consideration that reasonably can be obtained the benefit of, or title to, any such conditional or preferential right.
Annotations
Commencement
- I1
Sch. 1 para. 28 not in force at Royal Assent, see s. 54(2)