Stock Transfer Act 1982

7(1)Securities issued by—U.K.

(a)any local authority in the United Kingdom;

(b)any authority all or the majority of the members of which are appointed or elected by one or more local authorities in the United Kingdom; [F1or]

[F2(ba)any police and crime commissioner.]

F3(bb). . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

[F4(c)the Receiver for the Metropolitan Police District.]

(2)In sub-paragraph (1) above “local authority” means—

(a)any of the following authorities in England and Wales, namely, [F5the Greater London Authority]a county council . . . F6, a district council, a London borough council, the Common Council of the City of London [F7, a functional body (within the meaning of the Greater London Authority Act 1999),][F8 . . . F9 a joint authority established by Part IV of the Local Government Act 1985] [F10, [F11an economic prosperity board established under section 88 of the Local Democracy, Economic Development and Construction Act 2009, a combined authority established under section 103 of that ActF12...]] or the Council of the Isles of Scilly;

[F13(b)any council constituted under section 2 of the Local Government etc. (Scotland) Act 1994]

(c)a council, within the meaning of the M1Local Government Act (Northern Ireland) 1972;

and any reference to a security issued by a local authority includes a reference to a security the liability for which is for the time being vested in a local authority (being a security issued by an authority which has ceased to exist).

Textual Amendments

F4S. 7(1)(c) and the word “or”immediately preceding it cease to have effect (3.7.2000) by virtue of 1999 c. 29, s. 392(2) (with Sch. 12 para. 9(1)); S.I. 2000/801, art. 2(2)(c), Sch. Pt. 3

F5Words in Sch. 1 para. 7(2)(a) inserted (8.5.2000) by 1999 c. 29, s. 392(1)(3)(a) (with Sch. 12 para. 9(1)); S.I. 1999/3434, art. 3

F7Words in Sch. 1 para. 7(2)(a) inserted (3.7.2000) by 1999 c. 29, s. 392(1)(3)(b) (with Sch. 12 para. 9(1)); S.I. 1999/3434, art. 4

F13Sch. 1 para. 7(2)(b) substituted (S.) (1.4.1996) by 1994 c. 39, s. 180(1), Sch. 13 para. 127; S.I. 1996/323, art. 4(1)(c)

Modifications etc. (not altering text)

C2Sch. 1 para. 7(2)(a) extended by S.I. 1985/1884, art. 4(v)

C3Sch. 1 para. 7(2)(a) amended by S.I. 1987/2110, art. 2, Sch. 1 para. 8(p)

Marginal Citations