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British Technology Group Act 1991
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- s. 2-7 repealed by 2004 c. 14 Sch. 1 Pt. 16 Group 2
4 Government investment in securities of the successor company.E+W+S
(1)Subject to section 6(5) below, the Treasury or, with the consent of the Treasury, the Secretary of State may at any time acquire—
(a)securities of the successor company; or
(b)rights to subscribe for any such securities.
(2)The Secretary of State may not dispose of any securities or rights acquired by him by virtue of this section without the consent of the Treasury.
(3)Any expenses incurred by the Treasury or the Secretary of State in consequence of the provisions of this section shall be paid out of money provided by Parliament.
(4)Any dividends or other sums received by the Treasury or the Secretary of State in right of, or on the disposal of, any securities or rights acquired by virtue of this section shall be paid into the Consolidated Fund.
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Commencement Information
I1S. 4 wholly in force at 6.1.1992 see ss. 1(1), 18(2) and S.I. 1991/2721, art. 2
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