Part V Transfer of Undertaking of British Telecommunications
Vesting of property etc. of British Telecommunications in a company nominated by the Secretary of State
69 Dissolution of British Telecommunications.
1
British Telecommunications shall continue in existence after the transfer date until it is dissolved in accordance with subsection (2) below; and the period of its continued existence after the transfer date is in this Act referred to as “the transitional period”.
2
The Secretary of State may by order, after consulting British Telecommunications and the successor company, dissolve British Telecommunications on a day specified in the order, as soon as he is satisfied that nothing further remains to be done by British Telecommunications under Schedule 5 to this Act.
3
During the transitional period section 1(4) of the 1981 Act (composition of British Telecommunications) shall have effect as if for the word “six" there were substituted the word “one" and paragraph 9 of Schedule 1 to that Act (quorum of British Telecommunications) shall have effect as if after the word “three" there were inserted the words “or the number of its members, whichever is the less".