75 Statutory reserves
Electricity Act 1989 (1989 c 29) | Legislation

Finances of successor companies

75  Statutory reserves

(1)     If the Secretary of State with the approval of the Treasury so directs at any time before a successor company ceases to be wholly owned by the Crown, such sum as may be specified in the direction but not exceeding—

(a)     in the case of a supply company, the accumulated realised profits of the transferor;

(b)     in the case of a Scottish electricity

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