51 Initial Government holding in the successor company
Gas Act 1986 (1986 c 44) | Legislation

51  Initial Government holding in the successor company

(1)     As a consequence of the vesting in the successor company by virtue of section 49 above of property, rights and liabilities of the Corporation, the successor 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 of State; or

(b)     to any person entitled to require

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