Section 64 Government investment in securities of certain companies.

United Kingdom

(1)

The Treasury or, with the consent of the Treasury, the Secretary of State may at any time acquire securities ofF1—

(a)

a Post Office company,

(b)

a Royal Mail company, or

(c)

a company in the same group as a company within paragraph (a) or (b).

(1A)

F2Securities acquired under this section may be held by a nominee.

(2)

The Secretary of State shall not, without the consent of the Treasury, dispose of any securities acquired by him in pursuance of this section.

(3)

. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

Annotations

F1: Words in s. 64(1) substituted (1.10.2011) by Postal Services Act 2011 (c. 5) , s. 93(2)(3) , Sch. 12 para. 8(3) ; S.I. 2011/2329 , art. 3
F2: S. 64(1A) inserted (1.10.2011) by Postal Services Act 2011 (c. 5) , s. 93(2)(3) , Sch. 12 para. 8(4) ; S.I. 2011/2329 , art. 3
F3: S. 64(3) omitted (1.10.2011) by virtue of Postal Services Act 2011 (c. 5) , s. 93(2)(3) , Sch. 12 para. 8(5) ; S.I. 2011/2329 , art. 3
F4: Words in s. 64 heading substituted (1.10.2011) by Postal Services Act 2011 (c. 5) , s. 93(2)(3) , Sch. 12 para. 8(2); S.I. 2011/2329 , art. 3