71 Initial Government holding in the companies
Electricity Act 1989 (1989 c 29) | Legislation

Ownership of successor companies

71  Initial Government holding in the companies

(1)     As a consequence of the vesting in a company nominated for the purposes of section 65(1), 66(1) or (2) or 67(1) above (in this Part referred to as a “successor company”) of any property, rights and liabilities, the company shall issue such securities of the company as the Secretary of State may from time to time direct—

(a)     to the Treasury or the Secretary

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