Point in time view as at 31/03/2012.
Greater London Authority Act 1999, Section 170 is up to date with all changes known to be in force on or before 09 March 2025. 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.
(1)Section 9 of the M1London Regional Transport Act 1984 (powers of disposal) shall be amended as follows.
(2)In subsection (1)(a) (power to dispose of securities of one of their subsidiaries) for one of their subsidiaries there shall be substituted “ any subsidiary of theirs ”.
(3)At the end of the section there shall be added—
“(8)In this section—
disposal means disposal—
by way of sale, exchange or lease,
by way of the grant of any option or the creation of any easement, right or privilege, or
in any other manner, except by way of appropriation or mortgage,
and dispose of shall be construed accordingly;
lease includes an underlease and an agreement for a lease or underlease, but does not include an option to take a lease or a mortgage.”
Marginal Citations
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