- Y Diweddaraf sydd Ar Gael (Diwygiedig)
- Pwynt Penodol mewn Amser (01/02/1991)
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Trustee Investments Act 1961
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Rhagor o Adnoddau
Changes over time for: Section 9
Version Superseded: 01/02/2001
Alternative versions:
- 01/02/1991- Amendment
- 01/02/1991
Point in time - 01/02/2001- Amendment
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9 Supplementary provisions as to investments.U.K.
X1(1)In subsection (3) of section ten of the Trustee Act, 1925, before paragraph (c) (which enables trustees to concur in any scheme or arrangement for the amalgamation of a company in which they hold securities with another company, with power to accept securities in the second company) there shall be inserted the following paragraph :—
“(bb)for the acquisition of the securities of the company, or of control thereof, by another company”.
(2)It is hereby declared that the power to subscribe for securities conferred by subsection (4) of the said section ten includes power to retain them for any period for which the trustee has power to retain the holding in respect of which the right to subscribe for the securities was offered, but subject to any conditions subject to which the trustee has that power.
Editorial Information
X1The text of ss. 9(1) and 10 is in the form in which it was originally enacted: it was not reproduced in Statutes in Force and does not reflect any amendments or repeals which may have been made prior to 1.2.1991.
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