- Y Diweddaraf sydd Ar Gael (Diwygiedig)
- Pwynt Penodol mewn Amser (16/10/1992)
- Gwreiddiol (Fel y'i Deddfwyd)
Version Superseded: 22/07/2004
Point in time view as at 16/10/1992.
There are currently no known outstanding effects for the Aircraft and Shipbuilding Industries Act 1977 (repealed), Paragraph 3.
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3(1)During the period beginning with the date of transfer and ending immediately before the conversion date, the persons who, immediately before the date of transfer, were the holders of securities to which this Schedule applies shall have the right to have the amount of compensation stock to which they are entitled in accordance with the principal section less any amount issued to them by virtue of the application of subsections (1), (2), (5) and (9) of that section to section 36(6) above.U.K.
(2)During the period specified in sub-paragraph (1) above, the right specified in that sub-paragraph shall be transferable in the like manner as the securities concerned were transferable, before the date of transfer, and the Corporation in which those securities vest shall make arrangements for recording the persons who are the holders thereof.
Modifications etc. (not altering text)
C1By British Aerospace Act 1980 (c. 26, SIF 64), s. 10(1) it is provided that para. 3(2) of Sch. 5 is repealed in relation to British Aerospace and that any reference in that provision (in whatever terms expressed) to either or both of the Corporations originally established by s. 1 of this Act shall be construed as a reference to the other corporation so established (that is to say British Shipbuilders)
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