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Changes over time for: Section 65
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No versions valid at: 28/07/2000
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Point in time view as at 28/07/2000. This version of this provision is not valid for this point in time.
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Changes to legislation:
There are currently no known outstanding effects for the Postal Services Act 2000, Section 65.
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Valid from 06/11/2000
65 Restriction on issue of shares to third parties.U.K.
This section has no associated Explanatory Notes
(1)No shares or share rights in the Post Office company shall be issued on or after the appointed day unless—
(a)they are issued to the Treasury, the Secretary of State or any nominee of either of them, or
(b)the issue is one for which prior approval has been given in accordance with section 67.
(2)No shares or share rights in any relevant subsidiary of the Post Office company shall be issued on or after the appointed day unless—
(a)they are issued to the Treasury, the Secretary of State or any nominee of either of them,
(b)they are issued to the Post Office company or any other relevant subsidiary of which the relevant subsidiary concerned is a subsidiary or any nominee of the Post Office company or of the other relevant subsidiary, or
(c)the issue is one for which prior approval has been given in accordance with section 67.
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