SCHEDULES
SCHEDULE 8Enfranchisement by company: amendments
17
1
Section 28 (withdrawal from acquisition) is amended as follows.
2
In subsection (1), for “participating tenants” substitute “
RTE company
”
.
3
For subsection (2) substitute—
2
A notice of withdrawal must be given to—
a
each person who is the qualifying tenant of a flat contained in the specified premises;
b
the reversioner in respect of the specified premises; and
c
every other relevant landlord who has given to the RTE company a notice under paragraph 7(1) or (4) of Schedule 1.
4
In subsection (4), for the words from “participating tenants” to the end of paragraph (b) substitute
RTE company under subsection (1)—
a
the company, and
b
(subject to subsection (5)) every person who is, or has at any time been, a participating member of the company,
5
In subsection (5)—
a
in paragraph (a), for “participating” substitute “
qualifying
”
,
b
in paragraph (b), for “tenant in accordance with section 14(4)” substitute “
member of the RTE company
”
, and
c
for “shall be construed in accordance with section 14(10)” substitute “
includes an assent by personal representatives, and assignment by operation of law where the assignment is to a trustee in bankruptcy or to a mortgagee under section 89(2) of the Law of Property Act 1925 (c. 20) (foreclosure of leasehold mortgage)
”
.
6
In subsections (6) and (7), for “nominee purchaser” substitute “
RTE company
”
.
7
In the sidenote, for “participating tenants” substitute “
RTE company
”
.