224 Relaxation of conditions in certain cases.U.K.
M1Where—
(a)any of the conditions in sections 221 to 223 which are applicable are not satisfied in relation to the vendor, but
(b)he proposed or agreed to the purchase in order that the condition in section 221(2) or 222(3) could be satisfied in respect of the redemption, repayment or purchase of shares owned by a person of whom he is an associate,
then, to the extent that that result is produced by virtue of the purchase, section 219(1)(a) shall have effect as if the conditions in sections 221 to 223 were satisfied in relation to the vendor.
Marginal Citations
M1Source—1982 Sch.9 9