[F12E+W+SIf a traffic commissioner acquires a financial interest in a transport undertaking which carries passengers or goods by road within Great Britain he shall, within four weeks after so doing, give notice of that acquisition in writing to the Secretary of State specifying the interest so acquired and the Secretary of State, after taking the matter into consideration, may if he thinks fit declare that the traffic commissioner has vacated his office.]
Textual Amendments
F1Sch. 2 substituted by Transport Act 1985 (c. 67, SIF 126), s. 3(3), Sch. 2 Pt. I