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Companies Act 1985

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Changes over time for: Cross Heading: Rights exercisable only in certain circumstances or temporarily incapable of exercise

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Version Superseded: 06/04/2008

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Status:

Point in time view as at 19/06/2001.

Changes to legislation:

There are currently no known outstanding effects for the Companies Act 1985, Cross Heading: Rights exercisable only in certain circumstances or temporarily incapable of exercise. Help about Changes to Legislation

[F1 Rights exercisable only in certain circumstances or temporarily incapable of exercise]E+W+S

Textual Amendments

F1Sch. 10A added by Companies Act 1989 (c. 40, SIF 27), ss. 21(2), 213(2), Sch. 9 (subject to the transitional and saving provisions mentioned in S.I. 1990/355, arts. 6–9)

5(1)Rights which are exercisable only in certain circumstances shall be taken into account only—

(a)when the circumstances have arisen, and for so long as they continue to obtain, or

(b)when the circumstances are within the control of the person having the rights.

(2)Rights which are normally exercisable but are temporarily incapable of exercise shall continue to be taken into account.

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