This section has no associated Explanatory Notes
3(1)The Treasury or a Minister of the Crown may use money provided by Parliament for the acquisition of—U.K.
(a)securities of the transferee company; or
(b)rights to subscribe for such securities.
(2)The consent of the Treasury is required for—
(a)an acquisition by a Minister of the Crown under sub-paragraph (1); or
(b)a disposal by a Minister of the Crown of securities or rights acquired by virtue of this paragraph.
Commencement Information
I1Sch. 6 para. 3 in force at 5.10.2004 by S.I. 2004/2575, art. 2(1), Sch. 1