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Changes over time for: Paragraph 3
Timeline of Changes
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Status:
Point in time view as at 13/10/2003.
Changes to legislation:
Coal Industry Act 1994, Paragraph 3 is up to date with all changes known to be in force on or before 05 December 2024. There are changes that may be brought into force at a future date. Changes that have been made appear in the content and are referenced with annotations.
Changes to Legislation
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3(1)Subject to section 16 of this Act, the Treasury or, with the consent of the Treasury, the Secretary of State may at any time acquire—E+W+S
(a)securities of a relevant successor company; or
(b)rights to subscribe for any such securities.
(2)The Secretary of State shall not dispose of any securities or rights acquired by him by virtue of this paragraph without the consent of the Treasury.
(3)Any expenses incurred by the Treasury or the Secretary of State in consequence of the provisions of this paragraph shall be paid out of money provided by Parliament.
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