Chwilio Deddfwriaeth

Chwiliad Uwch

Companies Act 1985

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Dyma’r fersiwn wreiddiol (fel y’i gwnaed yn wreiddiol).

165Authority for contingent purchase contract

(1)A contingent purchase contract is a contract entered into by a company and relating to any of its shares—

(a)which does not amount to a contract to purchase those shares, but

(b)under which the company may (subject to any conditions) become entitled or obliged to purchase those shares.

(2)A company may only make a purchase of its own shares in pursuance of a contingent purchase contract if the contract is approved in advance by a special resolution of the company before the contract is entered into; and subsections (3) to (7) of section 164 apply to the contract and its terms.

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