Paragraph 4 Agreements for acquisition

Changes not yet applied. Later legislation changes this provision in ways not yet written into the text below:

Sch. para. 1(1) words omitted by Retention and Sale of Registration Marks 2015 Sch. 2 para. 2(a)
Sch. para. 1(1) words substituted by Retention and Sale of Registration Marks 2015 Sch. 2 para. 2(b)
Sch. para. 2(3) words substituted by Retention and Sale of Registration Marks 2015 Sch. 2 para. 3
Sch. para. 2A inserted by Retention and Sale of Registration Marks 2015 Sch. 2 para. 4
Sch. para. 3(2) words substituted by Retention and Sale of Registration Marks 2015 Sch. 2 para. 5(a)
Sch. para. 3(3) substituted by Retention and Sale of Registration Marks 2015 Sch. 2 para. 5(b)
Sch. para. 4(2) words substituted by Retention and Sale of Registration Marks 2015 Sch. 2 para. 6(a)
Sch. para. 4(3) omitted by Retention and Sale of Registration Marks 2015 Sch. 2 para. 6(b)
Sch. para. 5(2) words substituted by Retention and Sale of Registration Marks 2015 Sch. 2 para. 7(a)
Sch. para. 5(3) substituted by Retention and Sale of Registration Marks 2015 Sch. 2 para. 7(b)
Sch. para. 7 omitted by Retention and Sale of Registration Marks 2015 Sch. 2 para. 8
Sch. para. 8 substituted by Retention and Sale of Registration Marks 2015 Sch. 2 para. 9
Sch. para. 9(1A) omitted by Retention and Sale of Registration Marks 2015 Sch. 2 para. 10(a)
Sch. para. 9(2) substituted by Retention and Sale of Registration Marks 2015 Sch. 2 para. 10(b)
Sch. para. 9(2A) substituted by Retention and Sale of Registration Marks 2015 Sch. 2 para. 10(c)
Sch. para. 9(2B) inserted by Retention and Sale of Registration Marks 2015 Sch. 2 para. 10(d)
Sch. para. 9(3)(a) omitted by Retention and Sale of Registration Marks 2015 Sch. 2 para. 10(e)
Sch. para. 10(2)(a) words omitted by Retention and Sale of Registration Marks 2015 Sch. 2 para. 11(a)
Sch. para. 10(2)(b) substituted by Retention and Sale of Registration Marks 2015 Sch. 2 para. 11(b)
Sch. para. 10(2)(c) substituted by Retention and Sale of Registration Marks 2015 Sch. 2 para. 11(c)
Sch. para. 10(2)(e)(f) omitted by Retention and Sale of Registration Marks 2015 Sch. 2 para. 11(d)
Sch. para. 14(2)(a) omitted by Retention and Sale of Registration Marks 2015 Sch. 2 para. 13(a)
Sch. para. 14(2)(d) omitted by Retention and Sale of Registration Marks 2015 Sch. 2 para. 13(a)
Sch. para. 14(2)(b) word substituted by Retention and Sale of Registration Marks 2015 Sch. 2 para. 13(b)
Sch. para. 14(2)(c) substituted by Retention and Sale of Registration Marks 2015 Sch. 2 para. 13(c)
Sch. para. 16 added by Retention and Sale of Registration Marks 2015 Sch. 2 para. 13(c)
Sch. para. 9(1A) inserted by Vehicle Excise and Registration 2014 Sch. 3 para. 1(2)
Sch. para. 9(2)(b) substituted by Vehicle Excise and Registration 2014 Sch. 3 para. 1(3)

(1)

An agreement for the acquisition of a relevant right may be made by—

(a)

public auction;

(b)

tender; or

(c)

private treaty.

(2)

An agreement shall provide for the payment to the Secretary of State of the purchase price and the sum specified in paragraph 6(2).

(3)

It may be a term of any agreement that the relevant right to be acquired under it shall be exercisable only in respect of a vehicle registered, or the subject of an application for registration, in the G.B. records or only in respect of a vehicle registered, or the subject of an application for registration, in the N.I. records.