83 Initial Government holdings
Water Act 1989 (1989 c 15) | Legislation

Chapter V
Ownership and Finances of Successor Companies etc

83  Initial Government holdings

(1)     As a consequence of the vesting in accordance with any scheme under Schedule 2 to this Act of property, rights and liabilities of any water authority in that authority's successor company, that company shall issue such securities of the company as the Secretary of State may from time to time direct—

(a)     to such limited company as may (whether before or after the transfer date) have been nominated by the Secretary of State by order made by statutory instrument as the nominated holding company of the successor company; or

(b)     to the Secretary

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