SCHEDULES
SCHEDULE 6Community electricity right regulations
PART 1The right to buy
Subsequent disposal of a stake
I113
1
Right to buy regulations may make provision about the disposal of a stake in a qualifying facility after it has been bought through the right to buy (whether the disposal is by a person who bought the stake through the right to buy or by a person who has subsequently acquired it).
2
The regulations may impose restrictions or prohibitions on the disposal of a stake.
3
The regulations may impose duties to dispose of a stake in a case where the holder ceases to be—
a
an individual resident in a community, or
b
a body connected with a community.
4
A restriction or prohibition may limit or prevent the disposal of a stake except to an individual or body who—
a
would have been able to buy the stake at the time when the right to buy was originally exercisable, or
b
would be able to buy the stake at the time of the disposal, were the right to buy exercisable at that time.