# Transport Act 1981, Paragraph 8


For the purposes of paragraph 3(b) of Part IV of Schedule 1 to the Trustee Investments Act 1961 (which excludes securities of a company from trustee status unless the company has paid a dividend in each of the preceding five calendar years) the Holding Company shall be deemed to have paid such a dividend as is mentioned in that provision in the calendar year in which the appointed day falls and in each of the preceding four calendar years.

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Source: https://www.legislation.gov.uk/ukpga/1981/56/schedule/4/paragraph/8 (the official version)
Page: https://openlegislation.uk/transport-act-1981/schedule-4/paragraph-8
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.