Part V Transfer of Undertaking of British Telecommunications
Vesting of property etc. of British Telecommunications in a company nominated by the Secretary of State
C163 Government investment in securities of the successor company.
1
F1F2The Treasury or, with the consent of the Treasury, the Secretary of State may at any time, acquire—
a
securities of the successor company or of any subsidiary of the successor company; or
b
rights to subscribe for any such securities.
2
F1The Secretary of State may not dispose of any securities or rights acquired under this section without the consent of the Treasury.
3
4
5
F5. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .