SCHEDULES

C6C7SCHEDULE 7Parent and subsidiary undertakings: supplementary provisions

Annotations:
Modifications etc. (not altering text)
C7

Sch. 7 modified (14.3.2012) by Charities Act 2011 (c. 25), ss. 55(3), 58, 355 (with ss. 20(2), 59, Sch. 8)

Rights exercisable only in certain circumstances or temporarily incapable of exercise

C1C2C3C4C55

1

Rights which are exercisable only in certain circumstances shall be taken into account only—

a

when the circumstances have arisen, and for so long as they continue to obtain, or

b

when the circumstances are within the control of the person having the rights.

2

Rights which are normally exercisable but are temporarily incapable of exercise shall continue to be taken into account.