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Mersey Docks and Harbour Act 1992 (c. x)

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Disposal and discontinuance of parts of the Company’s undertaking, etc.

9(1)The Company may dispose of any part of its undertaking, or any property, which in its opinion is not required by it for the purposes of its business.

(2)The Company may dispose of or discontinue any part of its undertaking carried on by virtue of paragraph 5 or 6.

(3)The Company may dispose of or discontinue any part of its undertaking acquired under paragraph 8 and may dispose of any shares or securities subscribed for or acquired under that paragraph.

(4)The powers of disposal conferred by this paragraph include power—

(a)to dispose of property absolutely or for a term of years;

(b)to dispose of a right in, or interest over, property.

(5)References in this paragraph to the Company’s business or undertaking include references to any business or undertaking carried on by a subsidiary of the Company.

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