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Infrastructure Act 2015
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Subsequent disposal of a stake
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Nodiadau Esboniadol
13(1)Right to buy regulations may make provision about the disposal of a stake in a qualifying facility after it has been bought through the right to buy (whether the disposal is by a person who bought the stake through the right to buy or by a person who has subsequently acquired it).
(2)The regulations may impose restrictions or prohibitions on the disposal of a stake.
(3)The regulations may impose duties to dispose of a stake in a case where the holder ceases to be—
(a)an individual resident in a community, or
(b)a body connected with a community.
(4)A restriction or prohibition may limit or prevent the disposal of a stake except to an individual or body who—
(a)would have been able to buy the stake at the time when the right to buy was originally exercisable, or
(b)would be able to buy the stake at the time of the disposal, were the right to buy exercisable at that time.
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