Commonwealth Development Corporation Act 1999

19Securities held by or for Crown

This section has no associated Explanatory Notes

(1)Any dividends or other sums received by the Secretary of State or a nominee of his in right of, or on the disposal of, shares, other securities or rights—

(a)held by virtue of section 6 or 16, or

(b)acquired in accordance with section 17,

shall be paid into the Consolidated Fund.

(2)A person who—

(a)holds shares by virtue of section 6,

(b)holds shares or securities by virtue of section 16 on the Secretary of State’s behalf, or

(c)holds securities or rights acquired in accordance with section 17,

shall hold and deal with them as the Secretary of State directs.