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Companies Act 1989
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- UK Public General Acts
- 1989 c. 40
- SCHEDULE 9
- Rights attached to shares...
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Changes over time for: Cross Heading: Rights attached to shares held by way of security
Version Superseded: 06/04/2008
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- 01/02/1991- Amendment
- 06/03/1992
Point in time - 06/04/2008- Amendment
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Point in time view as at 06/03/1992.
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There are currently no known outstanding effects for the Companies Act 1989, Cross Heading: Rights attached to shares held by way of security.
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Rights attached to shares held by way of securityE+W+S
8Rights attached to shares held by way of security shall be treated as held by the person providing the security—
(a)where apart from the right to exercise them for the purpose of preserving the value of the security, or of realising it, the rights are exercisable only in accordance with his instructions, and
(b)where the shares are held in connection with the granting of loans as part of normal business activities and apart from the right to exercise them for the purpose of preserving the value of the security, or of realising it, the rights are exercisable only in his interests.
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